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Thank you for choosing Cryers to help you find your student accommodation. Please find below details of the necessary payments and paperwork once you have selected a property you would like to rent. Please note if the property you wish to rent is listed as 'Let Only' this would mean you would deal with your Landlord directly with regard to rental payments and maintenance. Cryers will still continue to assist you should the need occur.
ADMINISTRATION CHARGE
£79.50 per person
£39.50 per person for existing tenants of Cryers
This charge is to be paid immediately to secure a property (subject to suitable references and guarantor from parent/guardian). Should a tenant not proceed for any reason the administartion charge will not be refunded.
PLEASE NOTE: Our administration charges are one of the lowest in Southampton in comparison to other high-street agents. We do not charge our tenants any ‘added costs’ such as: charges for preparing inventories, check in/check out fees etc.
DEPOSIT:
A Deposit of 1.25 weeks of the full rental is payable per tenant in each property (eg. if rent on property is £315.00 pcm per person the deposit payable would be £393.75). This bond would then be held under the tenancy deposit scheme. On 'Let Only' properties your deposit is likely to be held by your Landlord (which we will clarify with you) and this would then be refunded from the Landlord. Your Landlord will also have a requirement to hold your deposit under the tenancy deposit scheme.
Your deposit is fully refundable at the end of your tenancy, subject to a satisfactory inspection and confirmation that the terms and conditions of the agreement have been met. It is Cryers policy to refund tenants deposits from 1st August.
REFERENCES, GUARANTOR AGREEMENT & TENANCY AGREEMENT
Once a property has been secured, we will then write to either your parents or a chosen responsible adult (in full time employment) with a legally binding Guarantor Agreement. This is to ‘guarantee’ the rent: so if you were to default the landlord would be able to retrieve payment from the guarantor.
Once payments and guarantor agreements have been received, you will be required to sign an Assured Shorthold Tenancy Agreement (copies of which are always available at our office, or can be emailed).
RENT PAYMENTS
‘Managed Properties’: In preparation for the commencement of the tenancy, you will be required to set up a standing order for the future rent payments. The standing order will be dated 27th of each month in advance so that cleared funds will be received in our account by the 1st.
‘Let Only’: We will require a completed standing order mandate, payable to the landlord.
DEFINITION OF TERMS:
MANAGED: Cryers will deal with issues relating to the property between tenant and landlord. In most circumstances the deposit is held by Cryers during the term of the tenancy. All listed properties are dealt with by us unless they stipulate ‘Let Only’ – see below.
LET ONLY: Cryers are advertising the property on behalf of the landlord and undertaking the initial administration/payment receiving only. The tenancy will be between the tenant and landlord, and in most cases the deposit will be transferred to the landlord when the contract is complete.
SUMMER RENT: Reduced rent for July and August is applicable on some properties. This is ONLY for tenants not occupying the property during these months. If any tenants are in occupation during this period then full rent must be paid unless otherwise agreed.
RETAINER: A retainer rent (reduced) will be payable for properties undergoing refurbishment/maintenance works where the will be no access during this time.
ITEMS TO BE AWARE OF WHEN SELECTING YOUR PR |
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