LD Property has a reputation for helping their tenants and helping them through the process of moving into your chosen property with the least stress possible, we can talk you through the process and once you have moved in we are always here to help and advise.
Where do I start?
Finding your first rental home or moving from existing rental accommodation can be daunting! Don’t worry we will take full care of you. To start with we will take your full details before conducting a viewing. The information we require includes: how many people will be residing in the property, whether there are any children, pets or smokers, what are your employment details and whether you have had any financial difficulties in the past. Viewings can be arranged through our office by appointment.
Reserving a Property
Once you have decided to rent a property, you will be asked to pay a Holding Deposit equivalent to one week’s rent to reserve it and agree a provisional date to move in. You will then be asked to complete an Application Form and we will pass your details onto our Referencing Company for them to undertake the necessary checks in order for you to proceed with the new Tenancy.
What Happens Next?
Once you have passed the referencing process, we will prepare the necessary legal documentation and an appointment will be made for you to discuss and sign the paperwork at our offices. On or before the start date of your Tenancy, you will need to have paid our invoice representing the Security Deposit and balance of rent due (less the amount of Holding Deposit). The Security Deposit is held in accordance with the Housing Act 2004, full details of which will be supplied to you.
Payments
Our preferred method of receiving payments is via a Bank transfer (internet banking) or in cash. Please note we are unable to accept card payments.
Tenancy Deposit Scheme
Since 6th April 2007 all new Assured Shorthold Tenancies where a Deposit is taken must be held as Stakeholder and registered with a Tenancy Deposit Scheme under the terms of the Housing Act 2004. This does not apply to Non-Housing Act Agreements or Contractual Tenancies such as Company agreements.
Holding Deposit (per tenancy)
One weeks rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right- to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit (per tenancy. Rent under £50,000 per year)
Five weeks' rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit (per tenancy. Rent of £50,000 or over per year)
Six weeks' rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant's Request)
£50 (inc VAT) per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant's Request)
£50 (inc VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant's Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord's costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Tenant Protection
LD Property Management is a member of Propertymark in our Fareham branch and Safeagent in the Salisbury branch, which is a Client Money Protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent's website or by contacting the agent directly.