~Lettings Process~

 

Whether you want to rent a house or flat, the rental process is the same. 

 

Below is a guide on how to secure a property, and help you understand tenancy agreements and inventories. At

 

New Door Estates, we are devoted to helping you find your ideal home and we have your best interests in mind.

 

 

FINDING A RENTAL PROPERTY

 

Firstly, you should think about the kind of property you would like to rent. You need to know what your priorities are.  An important decision to make early on is if you want a furnished or unfurnished property. However, most unfurnished flats now come with modern appliances such as a fridge and washing machine, so it is always a good idea to ask the agent exactly what’s included.

 

 

THINGS TO CONSIDER:
-    Number of bedrooms and bathrooms
-    Bath or Shower
-    Furnished/unfurnished
-    Storage space
-    Parking
-    Separate/open plan kitchen and dining room
-    Garden

 

 

BUDGET

 

To work out what rent you could afford monthly, total your monthly expenses (not including the rental estimate) and subtract this amount from your monthly income. The final figure is a rough guide of what figure is affordable for rent each month. If you let a member of the New Door Estates team know, we can suggest suitable properties that meet your requirements.

Finding the right location will have an impact on your lifestyle and the property you choose. An experienced local agent will be able to provide useful information about house prices, local schools, transport links and other local amenities. This will help you choose an area with confidence.

Once you’ve found a rental property you like, book a viewing as early as possible. There is high demand for properties in the rental market and if you find a property you love, it’s best to move fast to secure it.

A referencing check is just to make sure that you are a suitable tenant and are able to pay your rent. We will also check to make sure that you have rented a property without any major problems in the past. Be aware that if you fail any of the necessary checks, you may not be considered for the property.

 

 

REFERENCING CRITERIA:
-    Three years’ address history
-    Employment details / Benefit details
-    Confirmation of earnings
-    If self-employed evidence of the last three years’ account details
-    Current landlord details
-    Your bank account details

 

Only once you have paid the deposit is the rental property truly secured.

 

The deposit is usually the equivalent to five weeks rent and it is held for the duration of the tenancy. This deposit is held as cover for any damages that may occur and need to be repaired at the end of your tenancy.

 

New Door Estates protect your deposit with a government-authorised Tenancy Deposit Protection scheme.

 

Finally both you and the agency will sign the tenancy agreement which sets out the terms of the tenancy. After which, you will be given the keys to your new rental property.