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Thinking of renting in Cheltenham?
TENANTS! Call 01242 221188 today to Register for FREE and receive weekly updates on available properties in the Cheltenham area.
Your Step by Step Guide to renting a property with Belvoir! Cheltenham:
> Having matched your requirements to available properties, Belvoir Cheltenham will arrange for an accompanied viewing at the property.
> Viewings can be arranged at a time to suit you, which could be in the evening or at weekends.
> You will always be accompanied by a representative from Belvoir Cheltenham, who will be able to provide immediate advice and answer any questions you may have.
> Having selected a property, you will need to pay an application fee as well as completing a written application and offer to rent.
> At this time any details or requirements can be negotiated and agreed, including occupancy date, duration of the letting, etc.
> The application fee is non-refundable if the tenant fails to proceed for any reason, or if the tenancy fails to proceed due to incomplete or inaccurate information provided in the tenancy application.
> Belvoir Cheltenham will take references on behalf of the landlord. These will normally include your employer and any former landlord or letting agent.
> In addition, a search of the adverse credit register and a search of the voters roll register will be carried out.
> You will also need to provide 2 months copies of bank statements, wage slips, proof of your current address and a copy of passport or driving licence to support your application.
> Applicants must be able to show that their combined earnings (before tax) equate to 2.5 times the annual rental of the property or above. If this criteria is not met, then advance rental payments or a Guarantor may be required.
> Rents are normally quoted on a calendar monthly basis and are paid monthly in advance, by standing order to the Belvoir Client account.
> The first months rent is normally paid, in cleared funds, on the day that you sign the tenancy agreement.
> A deposit equivalent to one months' rent plus £100.00 is usually taken to cover any breakages, dilapidations or deductions that may become due at the end of the tenancy.
> When the property is managed by Belvoir this deposit will be held as stakeholder in a secure bonded client account until the end of your tenancy.
> If the property is managed by the landlord the deposit will be forwarded to the landlord to be held until the end of your tenancy.
> Accepting a pet in a rental property is purely down to each individual Landlords's preference. An additional £100.00 (per pet) would be taken on top of the basic deposit.
> Carpets and Soft Furnishings within the property would also be required to be professionally cleaned at the end of the tenancy.
> If you are interested in one of our available properties and have pets, please contact the Belvoir Cheltenham office. Our team will be then be able to advise if the property is suitable for pets and will arrange viewings accordingly.
> In the instance where an applicant's earnings does not meet the referencing criteria, or references are not fully conclusive, a guarantor may be required.
> A Guarantor must be in full time, permanent employment, over the age of 24 and earning three times the annual rent of the property or above.
> A Guarantor is legally obliged to cover any the rental payments, should for any reason a tenant default on paying.
Tenant Fee Structure
A non-refundable application fee of £325.00 (incl. of VAT) covers the administration cost of processing the application of one occupant. Each additional occupant (over the age of 18) is charged a non-refundable fee of £125.00 (incl. of VAT). This fee is payable straight away in order to take the property off the market and secure it whilst referencing is completed. In order to apply for a property, your gross salary (before tax) would need to be 2.5 times the annual rent of the property.
An additional non-refundable fee of £125.00 (incl. of VAT) is payable if a guarantor is required. A guarantor’s gross salary (before tax) must be three times the annual rent of the property. The guarantor would be required to sign the contract with the occupants and would be legally obliged to cover the rent if for any reason the tenant was to default on payments.
A deposit of one month’s rent + £100.00 would be payable on the day of move in. The deposit is securely held for the duration of the tenancy with the Deposit Protection Service. (DPS) This would be refunded at the end of the tenancy if the property is found in the exact condition as let with no dilapidations.
An additional £100.00 deposit for each pet may be required. This is subject to each individual Landlord’s discretion. You may also be required to sign a pet disclaimer to cover any damages which may occur during the tenancy.
First Month’s Rent
One month’s rent would be paid in advance of signing the contracts, once referencing is complete. This would be non refundable if the applicant was to pull out of the application process.
There is a ‘check-out’ fee chargeable at the end of each tenancy which covers Belvoir’s checkout of the property and any future reference requests required. This fee is £33.00 + VAT for unfurnished properties and £40.00 + VAT for furnished. This amount is deducted from your deposit before it is returned.
Our team at Belvoir! Cheltenham are happy to answer any further queries that you may have with regards to renting a property. Please do not hesitate to contact us on 01242 221188 or via email email@example.com