Right to Rent
As part of the , the Government is making it a requirement from 1st February 2016, for landlords and their Agents to check the immigration status of prospective tenants. This means that Applicant(s) need to prove their right to live in the UK. All Applicant(s) excluding their guarantor(s), must supply documentation from the list below, to prove their right to rent a property in the United Kingdom. Applicant(s) who are unable to provide documentation from the list , will be unable to rent the property. Under this legislation we are required to refer details of applicant(s) unable to supply this information to the Home Office.
Check In/ Check Out
This is the meeting at the beginning of the tenancy to check-
Credit Referencing Agency
A Credit Referencing Agency is use by a letting agent to verify the credentials of the tenant(s) to determine their suitability as clients.
This is the money initially provided by the tenant(s) against any disrepair or damage to a rented property during the tenancy. The Housing Act 2004 specifies that no person may require payment of a tenancy deposit in connection with an assured tenancy which is not to be dealt with in accordance with an authorised deposit scheme.
Three such schemes have been authorised:
• The Deposit Protection Service -
• Tenancy Deposit Solutions Ltd is a partnership between the National Landlords Association
and Hamilton Fraser Insurance. This insurance-
• The Tenancy Deposit Scheme is an insurance-
Gas Safety Certificate
This is a legal requirement to be carried out on an annual basis by a GAS SAFE engineer. All parties should have a copy of this certificate prior to occupation of the property and beginning of the tenancy.
This is where a landlord accepts a tenant where a third party usually a homeowner promises to pay the tenants debt if they default. This is common means of University students securing accommodation.
A list which describes the condition of furnishings and contents of a property at the start and end of a tenancy in order that any dilapidation during the tenancy can be identified. This is often carried out by a specialist clerk. This is both the tenants and the landlord's record of the condition of the property at the beginning of the tenancy.
Joint and Several Tenancies
This applies to Tenancy Agreements involving more than one tenant or Landlord. They are bond individually and together by the terms of the Tenancy Agreement.
The owner of a property which is ‘let out'. Where there is more than one owner each will be a ‘landlord' and jointly liable.
A property arranged over more than one floor which has its own front door (not a communal area).
This is the amount of cleared funds required at the beginning of a tenancy. Usually comprising of one month's rent in advance, the equivalent of 5 weeks as a dilapidation deposit and an administration fee.
Independent professional bodies who investigate complaints on behalf of customers against, for example, estate agents, solicitors and insurance companies.
Schedule of Condition
Produced at the beginning and end of a tenancy in tandem with the inventory.
A flat consisting of one main room or open-
Temporary possession of a property by a tenant. This usually ranges from between 6 – 12 months.
A legal agreement designed to protect the rights of the tenant and landlord setting out all the terms and conditions of the rental arrangements. The most commonly used type is an ‘Assured Shorthold Tenancy' set for a fixed period with a fixed date when the property will be vacated.
The person(s) who has temporary possession of a property in accordance with the Tenancy Agreement.
The status of a property, when a Landlord has accepted an offer from a tenant(s)
prior to the move-
This is a market accurate price per month recommended by the Agent as to inially market the property.
The income from a property calculated as a percentage of its value, used by investors to determine the profitability of the asset.