Useful tips and guides for choosing a property to rent with N&N Properties
The minimum letting period for the properties we let is six months. However, a typical tenancy will be for an initial period of one year, though it is common for the agreement to have a “break clause” allowing the tenant and the landlord to terminate the tenancy at some point after six months has elapsed.
A typical notice period for a tenant to terminate their tenancy is one month. Legally, a landlord must give a tenant a minimum of two months’ notice.
A sum, normally equivalent to one week’s rent will be collected to show your intent to proceed with a tenancy and in this respect, we will make the necessary arrangements, subject to contract, for the commencement of this proposed tenancy. This fee will be credited against the initial payment.
Prior to the commencement of any tenancy, we require the following payment to be made:
One Month’s Rent – This is calculated on a calendar month basis, by multiplying the weekly rent by 52 and dividing by 12. However please note that in cases where we are unable to reference the tenant or no suitable guarantees are available a different payment regime may be required
Security Deposit – Normally equivalent to four weeks rent. This is held against any breakages, missing items or damages over and above normal wear and tear. It is returned at the end of the tenancy, less any appropriate deductions.
It is usually the case that the tenant is responsible for all the utilities supplied to the property i.e. electricity, gas, water and telephone.
The tenant is responsible for this charge and for registering with the relevant local authority
For leasehold properties, the landlord remains responsible for the payment of the service charge. Some properties have communal heating and/or hot water systems, which are paid for by the service charge.
It is usual for an inventory check to be carried out at the start (“check-in”) and at the end (“check-out”) of every tenancy, by a professional and independent inventory company, on behalf of both the landlord and the tenant.
The inventory is to provide a basis for any claim to be made for cleaning, missing items, breakages or unreasonable damage, which may occur during a tenancy. It also helps to protect a tenant from any unreasonable claims by the landlord. Typically, the landlord pays for the check-in and the tenant pays for the check-out.