Information For Tenants | Rental Properties Gloucester

Book a Viewing:

Call the office to discuss the referencing requirements, associated move in costs and then arrange a date and time to view the property with one of our negotiators.

Move In Cost – Guide:

At the viewing our negotiator will complete a Guide to Move In Costs this is for you to take away. Tenants have found these extremely useful as they are processing a lot of information probably from several different agents also.

  • Rent in advance (apportioned rent subject to Move In Date with minimum of one full month & maximum of 1.5 months)
  • Deposit equivalent to one month's rent + £100
  • Pet Deposit £100 per pet (cat/dog) with Landlord approval
  • Administration fee of £285.00
  • Tenant Referencing fee of £45.00 per person
  • Guarantor Referencing fee of £75.00 per guarantor - if required

£200 NON-REFUNDABLE HOLDING FEE – paid at time of reserving the property

Once the Holding Fee has been paid the referencing will begin.

Referencing:

Alex Clark Lettings partners with Endsleigh, who provide our tenant references. In order to pass a reference, checks on the following will be completed:

Who you are:

Experian will carry out checks against the name and address provided on the application form.

Affordability:

Income reference – This should be positive and confirm your income and contract type. If you are on a fixed contract, the length of employment should outweigh the length of the tenancy. If you are self-employed, proof of income will need to be provided. If you are in a probationary period, zero hours contract, this is not permanent contract and/or your salary does not meet minimum affordability ratio then a guarantor will be required.

The property should be affordable. Annual income must be a minimum of 2.5 x the annual rent.

Monthly Rent

Annual Rent

Minimum annual income

£500

£6,000

£15,000

£700

£8,400

£21,000

£1,000

£1,2000

£30,000

 

Your credit score:

Tenancy score should be medium or high – this score is calculated based on all information provided on the application form.

Credit check to ensure there is no adverse data (this includes CCJ, bankruptcy and voluntary agreements).

Landlord reference – this should be positive and will confirm that rent has been paid on time, that there are no dilapidations in your previously rented property and that the property was kept in a good condition.

ID:

You will also be asked to provide one form of photo ID and two proof of address.

If the above are not met, the report will be declined. In this instance you will either:

  • Need a guarantor, who will need to be referenced as above (Landlord reference will not apply and their affordability calculator is, minimum annual income     (= annual rent x 3).
  • Need to pay rent up front equal to that of 6 months rent (with Landlord approval).
  • Be unable to rent the property.

 

What happens to my deposit?

Your deposit will be registered with an approved government body and you will be notified of this, along with your registration certificate normally within 14 working days.

Can I insure my personal belongings and protect my deposit?

Compulsory Landlords insurance will not cover any accidents caused by you that inflict damage to any of the Landlords property or that causes damage/loss to your own belongings. In order to be fully covered and to protect your deposit as best you can, you will require Tenants Contents Insurance with the added option of cover for Accidental Damage to the Landlord fixtures and fittings.

Home contents insurance

We strongly recommend tenants have adequate cover for the Landlords fixtures & fittings

Move In

Photographic Inventory– when you move into your new home, as part of your Move In Pack. There will be a photographic inventory that records the condition of the property at the time of move in. This is by far the most accurate and fairest way of capturing the property condition for both tenants and landlords.