Property for rent

Information on costs and fees There are no tenant fees for creating a new tenancy. Simple as that. You may be asked to pay a deposit to reserve the property (sometimes known as Holding Deposit, Goodwill Deposit or Reservation Deposit), a Security Deposit and the Rent in advance of the start of your tenancy. All of these are explained in more detail below. Reservation. In order to secure a property and cease further marketing, a Goodwill Deposit of £250 or equivalent to one weeks' rent (whichever is the lower) must be received. The Goodwill Deposit will be taken off the first month's rent or will be returned to the tenant in full if the Landlord decides not to proceed with the tenancy or if an agreement is not reached before the deadline for agreement (and the tenant is not at fault). The Goodwill Deposit will not be returned if the tenant/s or Guarantor/s provide false or misleading information, if they fail the Right to Rent check or if they decide to withdraw from the application or if the prospective tenant fails to take all reasonable steps to enter the agreement (for example not responding to reasonable requests for information required to progress the agreement). Security Deposit: A Security Deposit will be required from every Tenant, normally the equivalent of five weeks' rent. This will be registered with The Deposit Protection Service or another UK Government-approved agency (the 'deposit holder') in line with statute law governing residential tenancy deposits. The funds will be sent to the deposit holder and you will receive details from them about the status of your deposit and how to log in to their systems. We recommend reviewing their online presence for more information. Provided there are no disputes over unfair wear and tear, damage or lack of cleaning, rent outstanding, or unpaid utility bills the deposit will be returned to the tenant at the end of the tenancy. Under no circumstances can the deposit be used as part or all of the last month's rent. Tenants will receive a copy of the Prescribed Information relating to the security deposit as is required by UK law. If you have any questions regarding this we will be pleased to assist. Tenancy agreement: A tenancy agreement will be drawn up and all tenants - and guarantors as necessary - named on the tenancy agreement must sign this necessary documentation in person within the mutually agreed timeframe before the commencement of the tenancy. Keys will only be released at the handover of the property at the commencement date of the tenancy. A specimen tenancy agreement is available should you wish to see it. Rent: Rent is payable on or before the 1st day of each calendar month and should be received as cleared funds on that day. Where the first day of the month falls on a weekend it is accepted that rent may be received on the next working day. Where a tenancy starts on any day other than the first day of the month, rent will be requested in advance, pro rata from the commencement day to the next rent payable day. Rent must be received by Bank Transfer only and we can provide a Standing Order Form to you to assist with this. Where there is a change to rent payable, for example at a point of renewal or agreed step change in rent, the Tenant will be responsible for instructing their bank in good time. Changes to contract: Sometimes circumstances change; we are human and appreciate that such situations can be difficult. In the first instance, we encourage Tenants to contact us at the soonest opportunity to discuss what options are available. Whilst we are normally able to provide assistance, Tenants should be aware that they have entered into a contract with a Landlord that is legally binding. Should a Tenant wish to amend any of the terms within the agreement after the commencement of the tenancy and subject to the Landlord's agreement to the changes there will be a charge of £50 plus VAT payable by the tenant per amendment. Other costs. There are other circumstances where an agent is permitted by law to make a charge for example, to replace lost keys. Details of all charges are available upon request. Williams Property Management is a member of The Property Ombudsman (TPO) redress scheme, the Deposit Protection Service (DPS) and Client Money Protect a money protection scheme (membership number CMP013059). You can find out more details and copies of membership certificates on our website. Williams Property Management is a trading name of Ableway Associates Limited, a company with registration number 06572227. We are a family-owned and operated business trading in Guildford and the surrounding area since 1908. Our aim is always to be professional and approachable; we aim to be distinct by fostering good relationships between Tenants, Landlords, contractors and our staff team at all times.