By relocationc293694, Jan 24 2017 10:34AM
Although we always undertake a thorough briefing call with our clients prior to them going out on their a homesearch day with our consultant, it is useful to remind people what may be required of them if they want to go ahead and rent a property they see during their viewing day. The UK rental market is bouyant and moves quickly so it is prudent to be prepared by being aware of the following
• A non-refundable holding deposit of up to 2 weeks rent may be required to secure the property whilst the paperwork is drawn up. This is deducted for the invoice for the balance monies.
• There may be administration fees payable to the letting agent, such as preparation of the agreement, referencing, check-in fees, etc. These are normally split equally between you and the Landlord. The fees are subject to VAT at the current rate (currently 20%).
• Once your offer has been accepted you will be asked to complete some referencing forms or links to show you are able to afford the rent payments. Nothing can proceed until you have passed referencing so they need to be completed as soon as possible.
• On signing the Tenancy Agreement you will be required to pay a deposit, which is usually equivalent to 6 weeks or 1.5 times a month's rent ( 8 weeks / 2 months if you have a pet ). Any deposit will be repaid at the end of the tenancy less any charges for (mutually) agreed dilapidations. You will also be required to pay 1 months’ rent in advance.
• You will need to take your passport/visa to show the agent "face to face" to satisfy the UK 'Right to Rent checks.' The keys WILL NOT be released until theses checks, on all occupiers over the age of 18 have been completed
If you need any help or advice on relocating into or around the Uk, give us a call!