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FREQUENTLY
ASKED QUESTIONS BY TENANTS
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| HOW QUICKLY CAN I FIND A PROPERTY? |
Ideally start looking for a property approximately one month before
you need to move. However, it is also possible to move within a
couple of days subject to references being received.
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| HOW MUCH SECURITY DEPOSIT DO I NEED TO PAY? |
Usually the security deposit is equivalent
to 6 weeks rent. |
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| HOW MUCH IS THE RENT ADVANCE? |
This can vary depending on the Landlord's requirements,
but rent is often paid quarterly in advance by corporate tenants. |
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| WHAT REFERENCES WILL I NEED TO SUPPLY? |
A combination of the following depending on
the Landlord's requirements : A financial reference, i.e. bank or building
society, employer or college reference, previous Landlord or personal
reference. |
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| WHAT IS AN INVENTORY REPORT? |
An Inventory Report is usually prepared
prior to the start of the tenancy. It is a list detailing all furniture,
fittings and effects in the property together with a Schedule of Condition
of the property. |
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| WHO PAYS FOR THE INVENTORY REPORT? |
Usually the Landlord pays for the making
of an Inventory Report at the start of the tenancy and the Tenant
pays for making of a Check-Out Report at the end of the tenancy. |
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| WHAT HAPPENS TO THE UTILITY ACCOUNTS? |
Utility accounts need to be transferred
to the Tenant's name at the start of the tenancy and transferred back
to the Landlord's name at the end of the tenancy. Meter readings will
be required for gas, electricity and some water accounts. |
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| WHAT IS COUNCIL TAX? |
This is a payment due to the local council
for services in the borough. Some people are exempt from paying e.g.
students but still need to register their details. |
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| DO ALL PROPERTIES HAVE CABLE OR SKY TV? |
Some properties have this installed, but the
Tenant is responsible for the monthly payments. |
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| WHAT HAPPENS AT THE END OF THE TENANCY? |
After the property has been vacated an
inventory check-out report is prepared detailing any dilapidations
or damages which occurred since the start of the tenancy. A Schedule
of Dilapidations is prepared for you to check and upon agreement the
balance of security deposit is returned. |
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