At President Properties we have a wide range of flats and houses available for rent and services designed to make the renting a simple process. Our aim is to find the perfect home to suit your exact requirements. Our friendly and experienced lettings team will help you every step of the way.
Once you have found a property you think is right for you, you will be required to fill out a simple application form. Information that you will be asked to supply includes previous/ current residential address, current/previous employer. There is no need to worry about the referencing process; it is a standard procedure that every applicant must endure. The Application process typically takes 48-72 hours to complete.
In addition to the holding deposit, you will be required to President Properties an agency fee before the application can progress. This charge is compulsory per property and covers all administration, credit checks and obtaining reference. Both the holding deposit and agency fee must be paid in cleared funds, for example direct bank transfer, banker's draft, cash. Cheques will not be accepted. If you should pull out of the application after this point then you will lose your agency fee. If the landlord or President Properties should pull out for any reason other than the reasons mentioned above, your deposit and agency fee will be returned to you in full.
Once your application has been successful you will need to pay the full deposit total, before the tenancy starts. This amount must be also paid in cleared funds, for example direct bank transfer, banker’s draft, cash. Cheques will not be accepted. The deposit is held in a separate client account to ensure your money is safe.
One month's rent is required in advance and as above must be paid in full before the tenancy starts and before we hand over the keys. This amount must be paid in cleared funds, for example debit/credit card, direct bank transfer, banker's draft, cash. Cheques will not be accepted.
Rent is to be paid on a monthly basis usually by standing order on each subsequent month in respect to the original move in date. For example, if you moved into the property on the 30th June. Your monthly rent will be due on the 30th of each month thereafter.
This deposit is returned at the end of the tenancy, this is obviously dependent on the condition in which you leave the property upon departure. We have 28 Days to return the deposit; this is because we have to carry out various obligatory checks and procedures on behalf of the landlord. Once we are satisfied the deposit will be requested from our client account and returned to you via bank transfer. Please be aware that it is not permissible for you to cancel your last month's rent payment because we hold a security deposit. The deposit is legally a separate issue from rent payment and you will be in breach of your contractual agreement if you do this which could lead to prosecution.
All monthly rents are exclusive of utility charges; you will be directly responsible for any Gas, Electric &Water bills. At the start of each tenancy you are responsible of obtaining the current and relevant meter readings of which need to be supplied back to our office.
You are advised to obtain contents insurance for your personal possessions.
The most common tenancy offered is usually equivalent to 6 months and is known as an assured Short hold tenancy. If you want to stay longer than the initial six months you will be asked to renew your tenancy either for another 6 months or your contract will automatically switch into a periodic tenancy which means you are not committed to any further fixed term but will be required to give one months notice should you want to end the tenancy.
Twelve months tenancies can also be obtained if preferred and in some circumstances we can negotiate even shorter tenancies, for example 3 months. This is normally at the landlord's discretion. Guarantors guarantor is needed for those Tenants who have recently moved to the UK and therefore cannot provide previous traceable UK addresses, or for Tenants whose annual salary does not satisfy the rental guarantee requirement of exceeding the property's annual rent by 2.5 times. A guarantor is usually a parent or relative that is willing to sign a consent form stating that should you default on the rent for whatever reason they are then liable for the outstanding amount.
A Check in will take place at our office on the day you collect your keys. This is where you will sign the tenancy agreement; pay the remainder of the deposit and your first month’s rent in advance.
An up to date inventory will also be supplied at the start of the tenancy and you are expected to check this when you get to the property and return it with any amendments within 3 working days. When the tenancy ends a check out report will be prepared. There will be a small charge for the check out report which will be deducted from your deposit.
If you decide to renew the tenancy after 6 months then a small renewal fee will apply.
If your chosen property is managed then quarterly inspections will be carried out. This gives you the chance to raise any concerns or maintenance issues with the property manager. Any damage to the property will be documented with photographs and may affect the return of the deposit.
You will need to notify the local authority of your residence at the start of your tenancy. They will then calculate your monthly council tax payment of which you are directly responsible.
There are a couple of options available:
As long as the information that you provide on the application is genuine then you will not lose your deposit should we reject your application.