Information for
Tenants
The application process - made simple.
If you are interested in applying for the property collect an application pack.
Please note that if you have low income income or have bad credit you will need an employed guarantor with good credit earning a minimum of £15,000 per annum. Please see the "What Rent Can I Afford" table below for a list.
| Monthly rent | Applicant minimum salary | Guarantor minimum salary |
|---|---|---|
| £400 | £12,000 | £15,000 |
| £450 | £13,500 | £16,200 |
| £500 | £15,000 | £18,000 |
| £550 | £16,500 | £19,800 |
| £600 | £18,000 | £21,600 |
| £650 | £19,500 | £23,400 |
| £700 | £21,000 | £25,200 |
| £750 | £22,500 | £27,000 |
| £800 | £24,000 | £28,800 |
| £850 | £25,500 | £30,600 |
| £900 | £27,000 | £32,400 |
| £950 | £28,500 | £34,200 |
| £1,000 | £30,000 | £36,000 |
| £1,250 | £37,500 | £45,000 |
| £1,250 | £45,000 | £54,000 |
Initial Holding Deposit Receipt Form
Tenant Name: ______________________________
Current Address: _____________________________________________________________________
Contact Number: ____________________________
Prospective Property Address: __________________________________________________________
DEADLINE FOR AGREEMENT: ____/____/2019 - 6 weeks from the date of this form
Amount Paid as Initial Holding Deposit £_________- 1 weeks rent
(see Terms and Conditions on rear)
Provisional Move In Statement
Deposit (5 weeks): £_________
One month rent in advance £_________
Sub Total £_________
Minus holding deposit £_________
BALANCE DUE ON MOVING DAY £_________
Special Conditions Requested By Prospective Tenant Eg carpets cleaned, pet permission
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
Signed (Tenant 1) ______________________ Name:________________________ Date: ___/___/2019
Signed (Tenant 2) ______________________ Name:________________________ Date: ___/___/2019
Signed (Agent) ______________________ Name:________________________ Date: ___/___/2019
Terms & Conditions For Holding Deposit
The holding deposit shall be refunded to the tenant within 7 day in any of the following circumstances:
- If the tenant takes up the tenancy by the deadline for agreement date
- If the offer is not accepted by the Landlord
- The Landlord withdraws the property
- The Landlord does not agree with the SPECIAL CONDITIONS requested by the tenant
The holding deposit WILL NOT be refunded in any of the following circumstances:
- Whereby the tenant provides false or misleading information on the application forms. Eg failure to declare credit problems, pets, any attempt to falsify references
- If the tenant does not have a legal “Right to Rent” under the Immigration Act 2014
- If the tenant fails the referencing checks due to adverse credit (eg missed payments, CCJs, Bankruptcy) they will be asked to provide a guarantor earning a minimum of 36 times the rent and having clean credit. If the tenant is unable to provide a guarantor, the holding deposit will not be refunded.
- If the tenant fails, their existing landlord reference, eg rent arrears, damages.
- If the tenant cannot meet the minimum affordability. The minimum income MUST be 30 x the rent. Eg £600 x 30 = £18,000 per annum income
- If the tenant withdraws from the property
- If the tenant fails to take up the tenancy by the deadline for agreement date (unless a different deadline for agreement date has been agreed by all parties)
- If the tenant makes additional requests such as permission to keep a pet, wanting permitted occupiers, wanting the landlord to provide additional items not already offered, specialist cleaning etc which is then refused by the landlord. ALL REQUESTS SHOULD BE ASKED BEFORE YOU MAKE THIS APPLICATION.
I/We confirm we have read and understood the above terms and conditions.
Signed (Tenant 1) ______________________ Name:________________________ Date: ___/___/2019
Signed (Tenant 2) ______________________ Name:________________________ Date: ___/___/2019
Once all employment credit checks and references have come back satisfactory you can then "set a move in date".
Meet with Sarah or Nikki to sign the contracts and particulars.
Recommendations
What our tenants say.
Marie Cooley - Tenant
Very impressed with the whole team at Bagleys. From viewing, to moving in, the whole process was made simple and inexpensive by Sarah. Property very well maintained, and any little issues are resolved promptly. Very professional, yet warm, service from Bagleys. Would recommend to anyone looking for a comfortable home, without the hassle that usually comes from renting.
