- I need to find a place to rent. What do I do first?
Before you start your search, you should always plan your budget based on outgoings and the money available to spend on rent at the end of the month. When you are ready to search, Nicholas Estates will be able to find you the ideal property for your needs and budget.
- I?ve found a place to rent. Now what?
Firstly, make sure that you have viewed the property and are happy with it. Following that you will be required to sign a Tenancy Fee Declaration Form, which lists the services provided and the expected fees. The referencing process will then begin to ensure that you are in a position to rent the property.
- Why do I need to be referenced?
Referencing ensures that you will not have any trouble paying the rent on a monthly basis, and that the tenant will look after the property.
- What is a guarantor?
If the referencing process leads to a tenant not being fully approved, then a guarantor is required to support them. A guarantor is usually a parent or guardian, who agrees to take joint responsibility for the rent if the tenant fails to do so. If a tenant does not pay, a guarantor is required to pay any rent arrears and damage costs.
- Why do I have to pay a deposit?
The deposit is paid to ensure that the landlord can trust the tenant to cover any damages and keep the property in good order.
- What is a tenancy agreement?
A tenancy agreement is a contract signed by the landlord and tenant outlining the rules to which both parties must comply.