020 8552 0711

info@elliottdavis.co.uk

 

Tenant Referencing
We take the time to scrutinize all prospective Tenants before recommending them. We conduct interviews, scan references and then go through a referencing process whereby if possible, we obtain the following:

  • Photographic ID with Visa Copies
  • Employers Reference
  • Bank statements
  • Wage Slips
  • National Insurance No.
  • Previous Landlord (if applicable)
  • Guarantor (if applicable)

Deposit
We ensure that prospective Tenants pay a deposit at the beginning of the tenancy in the event of any damage or dilapidation. This also covers any breach in the obligations contained in their Tenancy Agreement.
Where we are managing the property, we hold the deposit on behalf of both parties, acting as Agent. If we are only providing Letting services, the deposit will be given to the Landlord to hold until the tenancy expires.
Government legislation (enacted on the 6th of April, 2007) states that all Landlords are subject to Tenancy Deposit Scheme, which is charged to Landlords. Unless the Landlord is willing to pay the charges, we are prohibited by law from holding the Tenants deposit.

Rent Payments
As a rule, we always collect the first month’s rent in advance. Future rents are collected by the Landlord where we are providing letting services only.
In the event that we are providing Full Management, the rent will be paid into the Landlord’s bank account or forwarded within 7 working days from when the Tenant pays the rental.

Tenancy Agreements and Notice(s)
Before Tenants can move into the property, a Tenancy Agreement will be prepared for them to sign, unless the Landlord provides one.

Inventory
It is important to prepare an inventory of all items including furniture, fixtures and fittings that are on the property as well as their condition.
If there is excessive wear and tear shown against the inventory, then the Tenant’s deposit will be held. If you would like us to provide the inventory, please check our Terms of Business for full details.