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“How
do I rent a property?”
Frequently Asked Questions
What
do I do first?
Obtain one of the up to date listings of property “Available
to Let” from Mountford Estate Agents on 01983
61 68 68. Select a property or properties that appear
to suit your requirements and book an appointment to
view, subject to availability of a member of staff.
I
like the property, what do I do next?
Obtain an application form from Mountford Residential, complete
fully, and return it to our offices at 2 The Colonnade, Lind Street,
Ryde, Isle of Wight, PO33 2NE accompanied by the relevant administration
fee of £89.30 (inc. VAT), per person. The information on the
application form will enable us to carry out referencing on you.
In some circumstances we may ask for a Guarantor; if one cannot
be supplied this may prevent the tenancy going ahead.
What
is a Guarantor?
A Guarantor is someone who would offer surety to guarantee
the payment of the rent or would cover other obligations
of the tenant under the term of the lease, should the
tenant fail any of his / her obligations.
How
soon can I move into my chosen property?
The vetting procedure should take no longer than a week
to 10 days, in certain circumstances this time scale
may vary. This should be discussed with one of our advisors.
How
do I pay my rent?
Rent is always paid monthly in advance. The preferred
method is by Standing Order to Mountford Estate Agents.
Personal Cheque or Cash are also acceptable when calling
into Mountford Estate Agents office at 2 The Colonnade,
Lind Street, Ryde, Isle of Wight, PO33 2NE on or before
the relevant due rent date each month. The first month’s
rent must be paid prior to the tenancy commencing; this
must be paid by Bankers Draft, Building Society Cheque
or Cash on or before the moving in date.
How
much deposit will I need?
A deposit equivalent to that of one month’s rent
is always required. Some landlords do occasionally ask
for a slightly higher deposit, but this is not common.
The deposit must be paid prior to the tenancy commencing;
this must be paid by Bankers Draft, Building Society
Cheque or Cash on or before the moving in date.
Are
there any other costs involved?
A charge of £76.38 (inc. VAT) is made for each
Tenancy Agreement prepared for you.
What type of Tenancy Agreement will
I be asked to sign?
You will be given an Assured Shorthold Agreement, created
under the Housing Act 1988 and its amendments under
the Housing Act 1996. Quite commonly the initial agreement
will be for a period of 6 months. Later agreements that
may be granted under new tenancies, subject to the approval
of the landlord, could be for a longer period.
Who
pays for the utilities during the Tenancy?
Quite commonly the rents quoted are exclusive of all
bills. The Tenant is liable for items such as Gas, Electric,
Water, Telephone, Emptying of Private Drainage and TV
Licence.
Do
I need Insurance?
The Landlord insures the buildings and his / her own
contents; however it is your responsibility insure your
own contents and valuables. The following policy is
recommended; further information and advice is available
from one of our Lettings advisors:
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