When we have found the most suitable tenant for your property, we will help you to ensure all essential checks and paperwork is in place before they move in.
Moving Your Tenant In
The Moving Process
The Offer Process
The help and support of your agent is really important at offer stage. With properties often attracting multiple offers, it’s important that the process is handled objectively and ethically. We’ll negotiate with the tenant on your behalf to get the best possible terms for the tenancy.
Accepting An Offer
Once received, we’ll provide you with full details of the offer and any special conditions the tenant may wish to negotiate. Once the offer is accepted the let is agreed in principle and an offer letter will be drafted to confirm in writing the terms of the tenancy plus any special conditions. At this stage, the tenant will pay a holding deposit and the referencing process will commence.
References & Other Checks
Referencing is an essential process when letting your property. Knowing who is moving into your property will give you peace of mind that the tenant is suitable and trustworthy. Subject to your instruction, we can carry out reference checks on your behalf, obtaining the necessary credit affordability and Right to Rent paperwork. Once all have been obtained and approved, we will begin to create the Tenancy Agreement paperwork.
Signing Tenancy Agreement
Before the tenancy can officially begin, your tenant will be required to sign the finalised Tenancy Agreement which will set out clearly the contractual obligations of both parties. Once signed, it will be legally binding. Copies of the Tenancy Agreement will be sent to both you and your tenant.
How can we help?
At Redstone, we’ve built our service around making the entire process simple, seamless and completely hands-off for our clients.
Final Steps
Tenancy Inventory
In order to minimise the risk of a dispute at the end of the tenancy, it’s important to have a detailed Inventory and Schedule of Condition. This is a chargeable service. This will accurately record the state and condition of the property and its contents before the tenant moves in. They are contracted to return the property and all contents at the end of the tenancy in the same state recorded at the start, with the exception of fair wear and tear.
Tenancy Deposit Protection
Legislation came into effect on 6th April 2007 requiring any landlord or agent who accepts a deposit from a tenant on an Assured Shorthold Tenancy to register it in a Government approved Tenancy Deposit Scheme. Our nominated scheme is my deposits, which is operated by Tenancy Deposit Solutions Ltd. www.mydeposits.co.uk
Commencement Of Process
Before the tenancy starts, we’ll collect the initial monies including the first month’s rent and deposit. Keys will be released to the tenant when funds are cleared and the Tenancy Agreement (and guarantor’s agreement if required) are signed.