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Priors Lettings ⁄ I’ve found a property – what happens next? ⁄ Prospective Tenants ⁄ I’ve found a property – what happens next?

I’ve found a property – what happens next?

We will request one weeks rent – ‘Holding Deposit’ to hold the property for you, which will be deducted from your completion funds.

As well as paying the rent, you may also be required to make the following permitted payments.

Permitted payments:
Before the tenancy starts (payable to Priors Residential Lettings ”The Agent’)
Holding Deposit: One week’s rent
Deposit: Five weeks’ rent
During the tenancy (payable to the Agent)
For English properties:
Changes to the tenancy agreement: £50
Payment of interest for the late payment of rent at a rate of 3%
Charge for the reasonably incurred costs for the loss of keys/security devices: Charges will be dependant on how many keys lost and replacement of locks if required
Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy
During the tenancy (payable to the provider) if permitted and applicable
- Utilities – gas, electricity, water
- Communications – telephone and broadband
- Installation of cable/satellite
- Subscription to cable/satellite supplier
- Television licence
- Council Tax
Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Tenant protection
Priors Residential Lettings are members of safe agent client money protection (CMP) which is a client money protection scheme, and also a member of Property Redress Scheme (PRS) which is a redress scheme and UKALA.

Once we have received this week’s rent and email you the reference form to complete , we will then change the status on Rightmove to show ‘Let Agreed’.

The rent and deposit will not be due until the date of completion (the date that you sign the AST and collect keys), they must show as cleared funds for this date and will need to be paid into the account detailed below:

Our referencing is processed by Rentshield

We will email the referencing form/s to you via the Rentshield website, so that you can download and complete the form/s. Please note all applicants aged over 18yrs must be on the AST (Assured Shorthold Tenancy), therefore each must therefore be referenced and fill out a referencing form. Guarantor’s will also need to complete a Rentshield Referencing form and will be named on the AST. We will draft the AST a few days before completion and email this over to you for your perusal.

You will then be asked to produce photographic identification (either full drivers licence or passport) and proof of residency (a utility bill dated within the last three months, or letter from your employer).

The rent and deposit will not be due until the date of completion (the date that you sign the AST and collect keys), they must show as cleared funds for this date

On completion we will arrange a time to meet at the property, to sign the AST and be provided with a ‘Completion Pack’ which will contain the following:

  • A fully signed & witnessed AST (Assured Shorthold Tenancy)/Contract (minimum of six months)
  • Standing order form – this is how you will pay your rent once you move in.
  • Inventory – by email from Prep 4 Let
  • EPC (Energy Performance Certificate)
  • GSC (Gas Safety Certificate)
  • Utility details
  • Information about the property
  • Welcome information for maintenance
  • DPS information sheet
  • Right to Rent

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