If you decide to rent a property, you will deal directly with the landlord or a managing agent who will look after the property on behalf of the landlord.
If you view a property which suites your requirements you will have the option to put down a holding deposit to secure the property whilst you obtain the relevant documents and references. A holding deposit is usually a nominal amount to be paid.
To begin with, you will be expected to provide ID such as a passport or driving license. Also you will need references from various sources such as a previous landlord, your bank or work. Some agreements may even require a character reference and a guarantor.
Once you have obtained all the relevant references and the managing agents or landlords are satisfied, you can sign the tenancy agreement - an Assured Shorthold Tenancy Agreement. This details all the terms of the tenancy itself, agreed between you and your landlord. This is a legally binding document, which should be read carefully before signing.
A shared tenancy agreement involving two or more people should be signed by each person, therefore making both parties liable for the property and rent.
You will be expected to pay a deposit. This is usually one calendar month rent, plus a months rent in advance. There is also an administration charge. This will be incurred for drawing up the tenancy agreement, inventory and taking up references. This is exclusive of the deposit.
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