Lettings for tenants
At Michael Graham we try and make the letting process as easy for our clients as possible. If you have any queries at this stage take a look through our faqs below and see if we have already answered it.FAQs
Find your perfect property
What is the minimum term a property can be rented for?
An Assured Shorthold Tenancy Agreement has a minimum term of six months.
What fees are applicable to taking a tenancy?
If you view a property and wish to proceed, a non-refundable administration fee is payable [£299]. Once this fee is paid, the property will be removed from further advertising
We use an external referencing company who will carry out a credit search [£50 per person over the age of 18, including the Guarantor] and in addition will contact your employer and current / previous landlord. If self-employed your accountant would also be contacted.
You will be given the relevant referencing forms to complete. Proof of your current address and a form of ID will also be required. Referencing usually takes 5-7 days and you will be advised when all checks have been completed. In addition there is a Check out fee [£100] and a lease renewal fee, where applicable [£75]. Payment for these fees can be accepted in the following form; cash, by debit card or cheque payable to Michael Graham Surveyors.
As a recommendation of your tenancy agreement, we advise you have Tenant Liability Insurance. We suggest that the policy be in place at the start of the tenancy and maintained during the term. For further information regarding this, please either seek independent insurance advice or ask one of our Michael Graham representatives to assist you with this.
Company Lets £495
(Amounts payable, inclusive of VAT, per property unless otherwise stated)
What documentation will I be required to produce?
We require a copy of your passport or drivers licence, a copy of either a P60 or recent payslip and a copy of a utility bill, bank statement or credit card showing your current address. We are happy to copy the originals at one of our offices if this is easier for you. Be advised that we will not be able to proceed with your application until we have received these documents.
How much deposit will be required?
A security deposit equivalent to six weeks rental (i.e. a monthly rent of £525 would require a deposit of £725) is required prior to moving in to the property. Deposits must be paid in the form of either cash or bank transfer and will be returned at the end of the tenancy subject to the property being in a satisfactory condition.
What deposit scheme does Michael Graham use?
When do I need to pay the first month's rent and deposit?
You will be required to pay one month's rent plus the deposit by Bank transfer, two days prior to the tenancy commencing. We cannot accept ordinary cheques, switch cards or credit cards. After this initial payment you will be required to pay your rent by standing order. The standing order will come out of your account two days before the rental payment date, in order to ensure we receive the money on the rent due date.
Can I renew my tenancy after the initial term?
Provided your tenancy has been conducted satisfactorily and the landlord is agreeable your tenancy can be renewed. Please note that renewal of a tenancy carries a fee of £75.
Many Landlords have restrictions regarding pets (particularly cats and dogs) and specify that they will not allow them at the property. For this reason it is important that you advise us if you do have pets in order that we may find you a suitable property. Should a Landlord accept your pet then your deposit would be increased by £200 per pet.
Many landlords have restrictions regarding people who smoke. For this reason it is important that you let us know if any of the prospective tenants are smokers in order that we may find you a suitable property.
Some landlords will have a preference for couples or families. If you do want to share a property we may request further details from you regarding ages, occupations, relationship with each other, etc - this can help the landlord to decide if they will accept people sharing the property or not.
What does the rent cover?
In the majority of our rental properties the rental payment is just that - i.e. rent! You will be responsible for all utility bills, council tax and telephone (and your TV licence).
We regret that we cannot accept applicants who rely on benefits to pay their rent.