Tenants guide to renting a property
Whether you are young professionals or families, we are on hand to find the perfect home for you. Choosing a new home is an important step and we aim to make the process as simple and as smooth as possible.
Security Deposit
When you submit an application for one of our properties, you have to pay a security deposit fee (equivalent to one week’s rental payment). If the property owner declines your application for reasons beyond your control, e.g. if another application was accepted, this fee is refundable. However, should you withdraw your application at a later date, the security deposit cannot be refunded.
Guarantors
Please note that all guarantors have to be homeowners. The guarantor will also need to be present when the tenancy agreements are signed.
References
As part of the services we provide for the landlord we will collect references to support your application: These include (where applicable):
- Current Landlord’s reference
- Employment references for each applicant
- Proof of Identification(passport and/or Drivers Licence)
- Personal references
- Bank statements
- Proof of payslips
- Further proof of income
To help us to process your application as quickly as possible, please provide email addresses for all references.
Once all the references have been received, we will contact you to arrange a move in date.
Moving In
On the day you complete, all parties (including a Guarantor if applicable) need to come into our office to sign the relevant paperwork. You will need to pay a month’s rent in advance and a bond which is equivalent to a month’s rent. We accept debit card payments, building society cheques or cash. Please note you cannot pay by personal cheque unless received seven days prior to the move in date. You will also be required to complete standing order forms for the monthly rental payments. All utility companies will be informed by The Market Place to notify them of the meter readings from your move in date. Please note, we strongly recommend that you also inform the suppliers to ensure that all your details have been received & processed.
Non Managed Lets
Where The Market Place are not responsible for the management of the tenancy, you will be provided with the Landlord’s contact details in case you need to report any problems.
Tenants Contents Insurance
The Landlord is not responsible for insuring any of your personal belongings. We strongly recommend that you obtain adequate contents insurance.
Right to Rent
With effect from the 1st February 2016. The government announced that all Landlords and Letting agents in England will be required to make ID and Right to Rent checks on all adult occupiers. With effect from this date, it is mandatory that a landlord/agent sees and makes a copy of evidence that any new tenant has the right to rent in the UK, be this continuous or for a limited time. Landlords or agents who fail to do these checks correctly could be liable for a fine of up to £3000 per tenant.
Please find downloads (PDF) below for tenants applications
and guarantor forms.
