Your Next Move
Renting A Property
Everything You Need To Know
To Take That Step
We’ve assisted in the transaction of more than 100 properties to date. We are recognised as a reliable and responsive estate agency. At the forefront of everything we do is the service we provide. We pride ourselves on our honesty and integrity, providing a friendly and professional service delivered by knowledgeable and experienced staff
We will require satisfactory references from your employer and a current or previous landlord. We may also require a personal reference, and sometimes a guarantor. We will let you know if these additional references need to be provided.
You will need to undertake a credit check, and we will require copies of personal identification, such as your passport. You will have to visit the office in person with your photographic ID to satisfy the new Right to Rent rules. We will use an independent referencing company to obtain and evaluate these references.
Reserving Your New Home
Once you have found a home that suits you, you will have to pay a ‘holding deposit’. This is equal to one week’s rent. If the tenancy goes ahead, this amount will be deducted from the monies due before you move in. If the landlord decides not to grant the tenancy for reasons unrelated to referencing, your deposit will be refunded in full.
The holding deposit will not be returned if you decide not to proceed for any reason, fail to take up the tenancy within 14 days or by the date given on the holding deposit receipt, or any days mutually agreed in writing.
The holding deposit will also not be returned if you fail to provide complete and accurate information in your application, fail your right to rent checks, or delay getting your references submitted within a reasonable time frame.
Deposit Free Renting
A Zero Deposit Guarantee is an alternative to a traditional tenancy deposit. It offers the same amount of financial protection and security to landlords while reducing the upfront costs to tenants. With Zero Deposit, tenants s ll complete their referencing checks as per the usual process and remain wholly responsible for any financial loss or damage covered by their Assured Shorthold Tenancy agreement.
If a landlord offers Zero Deposit as an option, tenants can choose between Zero Deposit and a traditional cash deposit. Zero Deposit still provides cover up to the value of six weeks’ rent, whereas under the Tenant Fee Act 2015 most tenant deposits will be restricted to the value of five-weeks’ rent.
Why Pick Zero Deposit
Speeds up the process: Zero Deposit can help tenants who, on top of rent and other costs of moving, may struggle to find the value of at least five-weeks’ rent for a security deposit. Zero Deposit can, therefore, help tenants move into properties faster and reduce upfront costs. This, in turn, can help reduce void periods for landlords and offer them more protection.
Provides protection: Zero Deposit provides cover equivalent to a six-week tenancy deposit as opposed to the five-week limit for cash deposits for most assured shorthold tenancies. The Financial Conduct Authority regulates the Zero Deposit, so tenants and landlords must be treated fairly.
Less paperwork, less hassle: The Guarantee is not a traditional deposit, so it doesn’t need to be registered with the deposit protection schemes. It’s less time-consuming for both tenants and landlords.
Preparing To Move In
While moving house will never be stress-free, planning and preparation can make a huge difference. Here are a few tips for managing your move:
Allow yourself plenty of time to pack up your possessions. Get rid of anything you no longer want or need. Buy or borrow packaging materials, such as boxes and bubble wrap, well in advance. These can help protect your more fragile items during the move. Make sure boxes are clearly labelled.
Pick a convenient day, or days, to move in. Be realistic with your mings. How long is the move likely to take? Clear your schedule if you can, and ask friends and family for help.
Paperwork and Post
Have a standard letter or email prepared to notify people that you are moving. Send it to utility companies, banks, doctors, places of work, the DVLA – anyone who needs to know you have had a change of address. You should also set up a postal redirect. Try to do this as far in advance as possible, to minimise the chances of your post going astray.
Bills and Readings
Make sure you have sorted utility companies for your new property. You should also take meter readings on your moving-in day.
Protect your Property
Inform the company you have purchased contents insurance with that you are moving in and will need the cover to start.
Getting contents insurance
When you are preparing to move, getting contents insurance to protect your possessions is crucial. Replacing items can be expensive, particularly if they are valuable. We recommend working with a trusted insurance company such as Capricorn Financial, who protect thousands of tenants across London.
Paying Rent & Bills
Rents are quoted per calendar month and are due one month in advance. The tenant is usually responsible for Council Tax, Water Rates, Gas, Electricity and all Telephone and TV/Internet costs.
All rents are payable by bank standing order to your landlord. It is your responsibility to set up a standing order with your bank, as we will not automatically take the money due.
With Us Today
The team at NLT Properties are happy to help
with your property search.