APPLICATION FEES AND PROCEDURE
An application fee of £350.00 must be paid, which covers all applicants for the property, before the application can be processed. An additional £75.00 must be paid in respect of each guarantor necessary. These fees are normally non-refundable once the application is being processed.
PLEASE NOTE THAT UNLIKE MOST OTHER AGENTS WE DO NOT CHARGE ANY SUBSEQUENT FEES FOR INVENTORIES, CHECK-IN, RENEWAL OR CHECK-OUT.
PROPERTY INFORMATION & SELECTION
We give a brief description of what each property has to offer but you will naturally wish to inspect to decide if a property meets your requirements. Indeed, we are unable to accept applications until all parties have viewed the property. If you have any specific needs, please discuss these before viewing to avoid unnecessary visits. In particular, the degree of any furnishings included in the letting will vary between properties and whilst properties are usually viewed with the contents that will be included present (apart from when existing tenants occupy), landlords are sometimes willing to add or remove items to suit. Any specific concerns or requirements should be referred to us before applying.
Once you have viewed the property that interests you, you will be required to complete tenancy application forms relevant to the personal circumstances of the proposed tenant(s). From these we need to take up references in order to satisfy our client as to your suitability as tenant. The extent and depth of enquiry will vary dependent on the individual landlords requirements, but all applicants will need to complete an application form which will normally be sent to you by way of an emailed link to the company that conduct referencing on our behalf. They are a reputable national tenant referencing company who adhere to strict standards. Forms will generally need to be completed by each proposed occupant over 18 years of age. We are unable to consider anyone for a tenancy that is not 18 at the time of application. It is critical that all appropriate sections of the form are completed; especially contact details for existing/previous landlords and employers. Failure to do so will cause delays in processing beyond our control. In many situations, applicants will be asked to nominate a guarantor who will also need to be referenced and will have to agree to meet your obligations in respect of the tenancy in the event of your default. The guarantor will need to be employed with a verifiable income. Any adverse credit history such as County Court Judgments must be declared as failure to do so will result in the application automatically being rejected. Personal data obtained will be processed in accordance with the General Data Protection Regulations and the Data Protection Act 2018. A copy of our Privacy Notice can be provided on request or may be viewed on our web site at payne-cov.com.
THE COMBINED MONTHLY EQUIVALENT INCOME OF ALL APPLICANTS WILL NORMALLY BE EXPECTED TO EXCEED THREE TIMES THE PROPERTY RENT. ANY REQUIRED GUARANTORS INCOME WILL NEED TO EXCEED FOUR TIMES THE PROPERTY RENT
DETAILS OF OUR FULL APPLICATION PROCEDURE CAN BE OBTAINED ON REQUEST OR CAN BE FOUND ON OUR WEBSITE payne-cov.com