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Deposit

A sum of money taken from tenants and held as “insurance” to protect against any breaches of the tenancy agreement.The deposit is registered in the Tenancy Deposit Scheme (TDS) for the full duration of the tenancy.The amount due under the terms of the tenancy agreement will be £450 per tenant and subject to the tenant complying with the terms of the tenancy agreement will be refunded in full at the end of the tenancy.

Energy Performance Certificate

An Energy Performance Certificate(EPC) which confirms the energy efficiency of the property will be available for your information at time you wish apply to rent it.

Fixtures and Fittings

A fixture is any item which is usually secured to the property's floors or walls and forms part of the building,a fitting is any item which is free standing or hung by a nail or hook and can be removed.

Gas Safety - The Gas Safe Record

Rental properties which have gas appliances require a Gas Safe Record which is a certificate prepared by a suitably qualified Gas Safe engineer and is renewed annually and is the responsibility of the landlord or managing agent to obtain. You will receive a copy of the documentation at the commencement of your tenancy.

House in Multiple Occupation (HMO)

An HMO is a property with three or more tenants forming more than one household and who share kitchen and bathroom facilities.A property for five or more tenants,forming more than one household and is over three floors must be licensed by the local authority.The responsibility to obtain the license is the landlords and they must ensure that the license is always valid.

Inventory

The inventory is a schedule of the items,mainly furniture that is included in the tenancy by the landlord.You will be given the inventory at the commencement of your tenancy and will be asked to comment upon it as it is referred to at the end of your tenancy at the time of the inventory check out inspection.We recommend that before applying to rent a property you ask for a copy of the inventory in order that you are aware of the items to be included in the tenancy.

Joint and Several Tenancy

If a group of people rent a property, they will be asked to sign a “joint and several” tenancy agreement,which is standard practice.This means that all the tenants are fully responsible equally for the payment in full of the rent and for all the obligations placed upon them by the tenancy agreement.

Landlord

The owner of the property,which usually is an individual or individuals,however may be a company and are legally entitled to let the property.

Let Only Agents

In the minority of cases we act as Let Only Agents on behalf of landlords,mainly this is when landlords have sufficient time to deal with Tenants directly and therefore during your tenancy you will contact you landlord with regard to all matters relating your tenancy.The landlords for whom we provide this service are well established and have been known to us for some time.

Managed Property

We act as managing agents for the majority of our landlords properties and therefore throughout your tenancy you will deal with us rather than directly with your landlord.Our duties include arranging any repairs and maintenance and collecting rent from you.

Per Calendar Month (pcm) Rent Payments

Rent is charged on a per calendar month basis under the terms of your tenancy agreement in order to take in account the 52 weeks in a year.To calculate the per calendar month rent, multiple the weekly rent by 52 and then divide by 12.

Per Person Per Week(ppwk) Rent Payments

Under the terms of the tenancy rent will be due to be paid on a per calendar month basis,however we advertise our properties quoting a weekly rent.

Rent Payments

Under the terms of your tenancy agreement you will be required to pay rent by standing order, in advance,usually on a monthly basis,subject to the specific requirements of landlords.

Tenancy

The tenancy is created by the Tenancy Agreement and is the term used for the period the tenants occupy the property.

Tenancy Agreement creating an Assured Shorthold Tenancy (AST)

A legal agreement,which is creates an Assured Shorthold Tenancy (AST) between the tenant and landlord which details and agrees the terms of the tenancy,the agreement which is legally binding provides both the landlord and tenant with the appropriate protection.

Tenant

The individual or group or individuals who rent a property and occupy the property under the terms of the Tenancy Agreement.

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