The Next Step...
Now that you've chosen which property you'd like to rent and make your new home here are some details of what you need to consider and do next, including information on any fees you'll need to pay.
Once you have chosen your property, you will then need to complete an application form. Applicants must be over 18 years of age and bring proof of identity. Once this is received, we will then obtain references. When applying for your desired property, please bring a form of identification such as a Driving Licence or a Passport. All application fees are NON REFUNDABLE
The tenancy referencing / administration fees are as follows:
Leamington Spa & Coventry
£270 INC VAT which covers one person.
£210 INC VAT for each additional person.
£540 INC VAT Company Let.
£270 INC VAT which covers one person.
£120 INC VAT for each additional person.
£504 INC VAT Company Let.
£120 INC VAT
This is payable immediately upon deciding to apply for a tenancy. The tenancy fee is NON-REFUNDABLE should you decide not to pursue the tenancy (irrespective of whether or not references have been applied for) or alternatively if your application is declined.
HAVE YOU SOLD YOUR PROPERTY?
If you are in the process of selling your property and wish to rent a property currently advertised for rental the property will not be taken off the market UNLESS you have exchanged contracts. If you have not exchanged contracts then a non-refundable deposit may be requested. This will be paid to your landlord if the tenancy does not proceed as a result of a change in your circumstances.
This is equivalent to one months rent plus £300 and must be paid by building society cheque or bankers draft the day you sign your tenancy agreements (personal cheques will only be accepted if submitted 7 days prior to signing). No cash will be accepted.
Eg: Rent £300 Bond £600.00
Payable on the day of signing by building society cheque, bankers draft, debit or credit card. Made payable to Newman Residential Lettings. No cash will be accepted.
TENANTS LIABILITY INSURANCE
It is a mandatory requirement on all our tenancies that you protect your landlords fixtures and fittings against accidental damage/loss. It is not a mandatory requirement that you insure your own possessions - this is your choice although we recommend you do. Proof that cover is in place to cover the landlords fixtures and fittings will be required prior to the release of keys and the signing of a tenancy agreement.
IF YOU HAVE YOUR OWN POLICY IT MUST MEET THE FOLLOWING CRITERIA: PROVIDES COVER AGAINST ACCIDENTAL DAMAGE TO THE LANDLORDS FIXTURES AND FITTINGS (minimum £2,500) .
RIGHT TO RENT
Under the Immigration Act 2014, Right to Rent Checks are now mandatory across England for tenancies starting on or after February 1st, 2016. It is our obligation to check that a tenant or lodger can legally rent a residential property in England and before the start of a new tenancy, we will request the necessary documents and make checks for all tenants aged 18 and over, even if they're not named on the tenancy agreement.
All deposit are registered with The Tenancy Deposit Service.
Additional Fees may apply to Landlords throughout the duration of the tenancy and further information on these can be obtained by requesting a copy of our Agency Terms of Business where each area of the tenancy process is comprehensively covered and explained.
ADDITIONAL POST TENANCY FEES
CHECK IN FEE - £120 INC VAT
An independent inventory clerk will meet you at the property the day your tenancy starts and check the Inventory & Schedule of Condition with you. This fee becomes payable the day your tenancy starts together with your rental and deposit.
RENEWAL / CHECK OUT FEE £96 INC VAT
RETURNED / BOUNCED PAYMENTS £35 INC VAT
EARLY RELEASE FEE - EQUIVALENT TO ONE MONTHS RENT INC VAT
Client Money Protection' through the National Approved Letting Scheme