Now that you have seen and viewed the perfect property what's next?!
SECURING THE PROPERTY
The common process for securing a property is to make an offer and place down a holding deposit. The holding deposits vary from £50- £250 and in some cases a £500 holding deposit is required to show a level of commitment.
Here at Agencycheck.co.uk we suggest that when you make an offer you go in 10% lower than the asking price and slowly work your way up. 95% of the time you can successfully pay less than the asking price and save money!!
When beginning your property search it is a good idea to have references on stand by. This will help in securing the property and demonstrate a trustworthy and organised tenant. The references will be required for the Landlord or the Agent to perform a credit check and an overall report of how you would be as their tenant. The following documents are usuall required:
Once all is agreed you will need to pay a security deposit. The deposit will be either one month's rental value or six weeks rental value. By law the Landlord will have to register your deposit with a Government scheme and within 14 days of you moving in provide you with notice in writing that the deposit has been registered.
Depending on the condition that you have left the property you will receive all or part of your deposit back. Should any dispute arise then the scheme in which your deposit has been registered will offer its input to resolve the issue.
The inventory is one of the main factors in deciding whether you receive your full deposit back. The inventory is a document that states the condition of the property and lists all its furnishings before you move in. Before signing any agreement you may ask to see a copy of the inventory document and also request for a walk around the property to check.
Note: During your tenancy your landlord may schedule quarterly visual inspections in order to assess if any damage has occured.
The tenancy agreement is a legally binding contract between the tenant(s) and the landlord(s). It outlines both parties rights.
GAS SAFETY CERTIFICATE
It is required by law for a Landlord to provide you with a 'Gas Safe' Gas Safety Certificate outlining that the gas appliances in the house (if any) are safe to use. This inspection must be carried out before you move into the property and a copy must be given to you within 28 days of the inspection being performed.
It is never a good idea to take the law into your own hands!! If a dispute should arise between you and your landlord it is always best to seek legal advice from The Citizen's Advice Bureau.