Ravenscourt Residential let and manage a variety of furnished and unfurnished properties.
The site contains a constantly updated register of rental property. To receive a regularly updated list of our available rental properties, please register and we will contact you with details of new properties to suit your requirements.
Please keep in mind that a range of checks are necessary on all prospective tenants and/or guarantors, will be carried out. Should you be uncertain as to your suitability or have specific requirements, please contact us.
Although Letting Agents have different procedures, this guide is intended as a general overview to assist you when renting a property. We have set out below a few significant pointers to assist you.
Your Offer – Once you have found a suitable property, you are in a position to make an offer to us for the Landlords consideration. Please note that any offer you make is subject to you fulfilling our reference criteria.
At this point, you will be requested to provide a RESERVATION FEE (normally one weeks rent) which holds the property for you and in due course this sum will be credited against your move-in expenditure. However, if the Tenancy Agreement is not signed by you (the Tenant) within 7 to 14 working days after receipt of your application, the Landlord reserves the right to re-offer the property. In these circumstances or, should your references prove unsatisfactory, the reservation/application fee is non-refundable.
Agreeing the Let - Once your offer has been accepted by the Landlord, we will apply for references conducted through the agency Homelet, and draw up the relevant documentation which will form the basis of the agreement between you and the Landlord.
You will be expected to provide:
The referencing agency, Homelet will also contact your employer and your landlord (if you are in rented accommodation already). If you have recently changed jobs your previous employer will be contacted. If self employed we will need to contact your accountant. A credit check will also be conducted.
To assist us in collating the necessary references, it would be advantageous for you to advise referees in advance that references are required to speed the response and avoid delays.
Occasionally, a GUARANTOR will be required if, for example the tenant has not been continuously employed for the past 18 months; has been working abroad in the previous 6 months; the tenants’ income falls short of our criteria or the tenants’ employment is considered as changeable.
Please note that the same criteria applies to the guarantor and, furthermore, the guarantor must earn the equivalent of 3 times the yearly sum of the rent, be in full time employment or be able to prove by bank statements that they have “independent means”. All tenants should be able to provide a guarantor and should the tenant be unable to provide one, we and the landlord will decide if he tenant has withdrawn their application. The tenant will therefore forfeit their deposit.
The guarantor must be aware that they will stand as guarantor for you, (and your partner if you are moving in to the property with some one else), for the entire occupancy of the property, not just for the period of the initial tenancy term.
How much do I need to earn to be considered for the Property?
Having passed all the referencing criteria to be considered for the property and, subject to the Landlord’s decision, you must earn at least 1.5 times the yearly rent (however, you will require a guarantor) or at least 2.5 times the yearly rent (you will qualify on the income part of the referencing without a guarantor).
Tenancy Agreement – An appointment will be arranged for you to visit our offices to sign the Tenancy Agreement when all references have been received and to go through various administration details. The Landlord, or Ravenscourt Residential if instructed on the Landlord's behalf, will also sign a copy of the document.
Rent and Deposit – You will be required to provide the agreed sum of rent and deposit before taking possession of the property.
The deposit is required for the full tenancy against loss, damage or charges payable at the termination of the tenancy. This is usually the equivalent of six weeks rent and may vary. The deposit will be held normally by Ravenscourt Residential in a designated clients account and is fully bonded, no interest is payable to either party. It is returnable in full at the end of the tenancy subject to final inspection of the property and it should be noted that deductions will also be made for cleaning should the property (loft and garden areas) not have been left in a satisfactory condition.
Rent is normally paid monthly or quarterly in advance commencing on the first day of the tenancy and then on the same day each month or quarterly thereafter. The preferred method is by bank standing order.
Fees - We charge an application fee including VAT which is non-refundable, even if a tenancy is refused on the grounds of references or if the tenant withdraws from taking the property.
Once you have found the perfect property and your offer has been accepted, we will start preparing the tenancy agreement and organising the logistics for your 'move-in' day. The tenancy charges may vary, depending on the agreement we have with the landlord so it is best to ask us for a full break down of costs.
When it comes to signing the contract here is a list of what you can typically expect to pay:
Pre- Tenancy All Fees states are inclusive of VAT (Currently calculated at 20%)
Tenancy Agreement / Admin Fee £216
Referencing Fee £60 per reference
Check-in Fee TBA
Deposit Typically 6 weeks rent
During your tenancy (if required)
Renewal Document Fee / Admin £120
Change of Occupancy / Tenant £108
Company Let - Company application are acceptable where the company will be paying rent.
Please note that all monies to be paid must be cleared funds on signing on or before the agreement prior to occupation payable by bank transfer or a draft, cash or building society cheque.
Check in & Condition Report - If instructed by the Landlord, a Condition Report will be prepared of your new home and a convenient appointment will be made with the Inventory Clerk to carry out a Check In report to coincide with your move in day.
All information is provided in good faith. It does not replace the advice of a qualified legal advisor. We will accept no responsibility for any inaccuracies.
Other Points of Interest:
1. The Tenant will be responsible for insuring their own possessions
2. The Tenant will take over all utilities such as Gas, Electricity, Water/Sewage charges, Council Tax & Telephone upon moving into the property and will be responsible for contacting the relevant suppliers accordingly prior to commencement of the tenancy.
3. The Landlord is responsible for any repair/maintenance issues to appliances etc. but the Tenant is responsible for any breakages which should be reported immediately.
4. Decoration of the property must only be done with your Landlord’s permission
5. No pets are allowed unless the Landlord has given consent
6. Notice will be given in the event that the Letting Agent or Landlord wishes to inspect the property. It is usual for the Agent or Landlord to inspect the property during the term of your Tenancy.
7. Most lets are for 12 months, although some Landlords may consider shorter terms by agreement.
8. Should you wish to quit your Tenancy earlier than the agreed term, you will be liable for all rent until the end of the agreed Tenancy. However, it may be worth considering negotiating a BREAK CLAUSE with the Landlord which, for example, could entitle you to give notice after 4 months.
In this case, you would only be liable for the rent for the notice period of 2 months, releasing you from the remaining 6 months of a 12 month Tenancy.
9. Returning deposits is normally subsequent to the final inspection of the property. Letting agents generally encourage Landlords to employ a professional inventory agent to conduct the inspection and produce a report as to the condition of the interior at the beginning of the Tenancy and again at the end but this is not obligatory. In most cases, the deposit will be returned once any damages are ascertained by the Tenant/Landlord/Inventory Clerk and appropriate deductions agreed.
10. The most common type Tenancy Agreement is an Assured Short hold used for 6-12 month lets and usually takes the form of a standard contract between both parties.
However, should any “extras” be agreed such as certain furnishings to be provided by the Landlord, you should ask that an extra clause be added to the agreement to this effect. It should be noted that the landlord is not obliged to carry out promises so it is important that your requests are documented.
11. The Letting Agents will deal with the property viewings, references, agreements and getting you moved in. If the agent has been instructed to manage the property then you will normally report any repairs or queries to them. If not, then you will deal directly with the Landlord.
12. The Letting Agent, whilst acting for the Landlord, operates within accepted guidelines in the industry to ensure that you are able to rely on a professional letting agent taking your concerns seriously and advising the Landlord if they are being unreasonable. In this regard, you should be assured that the property conforms to all safety regulations and is fairly priced.
13. You require a professional service and, as such, Ravenscourt Residential is a member of ARLA and NAEA. This ensures professional standards are met, for example, the correct Tenancy Agreement is used; proper procedures are in place for reporting and dealing with repairs; safety checks are conducted and a bonding scheme is provide to protect your deposit.