how to move in with martin

Our detailed guide “how to rent with Martin” explains how to make the process of renting run as smoothly and stress free as possible.

 

searching for a home

Make a list of your essential requirements for your rented property, and a separate list of what you would ideally like when you rent your new home. Essentials would include:

• The minimum number and size of bedrooms for your household size.
• Location - close to work, access to bus routes/tube stations/main roads, school catchments.
• Rental budget – don’t forget to budget for council tax, and get a feel for rent levels from www.martinco.com. If you can afford to pay a little more, then you will get much better value as the competition is always fiercest for properties at the lowest prices.
• The earliest and latest dates by which you must move – property is let on a quick “turnaround”. A landlord will normally receive one month’s notice that tenants are moving out and they will try to find new tenants as quickly as possible. As a result, most rented properties are only available for a few weeks before they are let. If you look too early then you will not be able to proceed unless you are prepared to sign a tenancy agreement and pay rent several weeks in advance. If you look too late then you will have a reduced choice of properties and will have to compromise on your requirements.
• Furnishing – the majority of properties are un-furnished or very sparsely furnished. The exception is student accommodation which is normally fully furnished. Most landlords will be reluctant to store furniture, so if you have your own stuff then it’s best to search for unfurnished. If you want to store furniture it costs around £70 per month for the contents of a one bed flat, rising to £100 per month to store the contents of a 3 bed house. If you need furniture then look at unfurnished properties as well and ask the landlord landlord or agent before the viewing if there is any possibility of items being supplied. If you are prepared to pay the full asking rent and perhaps take a longer tenancy then landlords will consider hiring or purchasing extra items to secure you as their tenant.
• Parking - it’s worth paying extra for off-street or secure parking.
• If you have young children, then you will probably want ground floor accommodation or a property with a lift. Check if there is a secure garden for your children to play and avoid properties where the front door leads directly onto a main road. Homes within the catchment of a good state school are more easily rented than finding a property to buy.

restrictions

Your tenancy agreement may limit the uses to which you can put the property. Check this for any restrictions that may be included - typically you will be prevented from running a business. Other restrictions may include:

• Pets - both the landlord’s head lease and the landlords’ insurance policy may prevent pets being kept at the property. If you are permitted a pet then expect to lodge a higher deposit with the agent and to pay for steam cleaning of carpets and flea de-infestation at the end of the tenancy. Animal fleas can lie dormant for weeks, so the agent may hold some of your deposit until after the new tenants have moved in.
• Smokers - smoke damages the decorative surfaces of the property and leaves an odour which puts off non-smokers so landlords would prefer you to not smoke. If it’s evident you have smoked then you may become liable for re-decoration costs.
• Young children - crayon marks on walls, sticky handprints and extra wear and tear can mean landlords would prefer a childless professional couple. However, if it’s a larger house with garden then the natural tenants are a family and it’s always worth asking if the landlord will consider your family, perhaps if you lodged a higher deposit.
• Sharers - higher levels of wear and tear and a requirement in some circumstances for the property to be licensed as a “House in Multiple Occupation (HMO)” with attendant costs for the landlord. Shared properties command a higher rent to compensate the landlord.
• Benefit recipients - the landlords’ insurers and mortgage lender may impose this restriction.

finding a property to rent

• Generate the widest possible selection of properties that you could consider. The website www.martinco.com for example is a good place to start.
• On the web set your search criterion to the lowest number of bedrooms you would need, the maximum price you could afford, select both furnished and unfurnished, set a reasonable drive time radius from where you want to live, and the latest date by which you need to move.
• Use “saved search” and “email/text alerts” facilities on the website to receive email or text alerts with details of properties matching your requirements - rental property is a fast moving market so you need daily property updates.
• Research local information e.g. transport links, schools. It’s important to get a ‘feel’ for an area before booking viewing appointments.
• Though it is possible to register on-line - it is advantageous to register in person. Agencies teach their staff to pay particular attention to “hot prospects” and to avoid timewasters. If you want to be kept informed of newly available properties even before they come to the market, then you want to be seen as a “hot prospect”.
• A potential tenant or hot prospect has a firm moving date, a reason why they need to move by that date, a realistic view of how much rent they will need to pay and the minimum number of bedrooms they require.
• For an agent to help you find the right property, you need to be honest and realistic about your budget and requirements. If you have “ruled out” a particular style of property or location then say this. If you have viewed properties through another agent then give this feedback to all of the agents you are using to help them refine their search. Agents like to hear that you are viewing properties as its evidence that you are serious tenant to be.
• Check the local Martin & Co office for opening times. These do vary between offices and include some evenings and weekends.

A word of warning - It is illegal for agents to charge a registration fee. You should only pay money to an agent when they have found a suitable property and you wish to apply for a tenancy.

rent

How much rent can you afford?

As a guide, your annual income (before tax) must be at least 2.5 times the annual rent of the property you are applying for.

For example:

Rent £600 / month
Per year £7,200 (£600 x 12 months)
Minimum annual salary £18,000 per (£7,200 x 2.5)

viewing properties

• No matter how much you liked the property description as a potential tenant you should always view your future home before making a decision. View the property together if you are moving in with a partner or sharing in the daylight. View properties that you are considering as quickly as possible one after the other. This will give you a better chance of being able to compare each property you view.
• At Martin & Co we will accompany any prospective tenant/s on viewings – it’s a security precaution that protects you as much as anyone and it gives you an opportunity to ask questions about the property.
• Take a cheque book and debit card with you and a means of photo-ID. This will allow you to proceed quickly if you view something you like. Take a tape measure to check if your furniture will fit and a pen and paper to make notes.
• If you are meeting at the property, plan your route in advance and allow enough time to get there. Agency staff are on tight schedules and cannot afford to wait more than a few minutes. Make sure you have the agent’s office number with you and call if you are running late. It will take at least 10 minutes to look around your selected property so if you are viewing several properties with different agents then plan your time accordingly.
• Ask to see the Energy Performance Certificate (EPC) for the property. In England & Wales every rental property must have an EPC certificate before it is let.

quick checklist of property details

• How much is the rent?
• What date is the property available from?
• What furniture (if any) and white goods are supplied?
• Is the landlord planning to make any changes to the property or will it be let exactly as viewed?
• Is there any parking allocated? Is there an extra charge for parking?
• Are there any restrictions on the type of tenant?
• How much is the deposit required?
• How much are the agency fees? (fees will normally vary depending on how many tenants there will be).

applying for a tenancy

Be clear with the agent on the terms proposed. For example, you may have offered to pay the full asking rent providing that the landlord will agree to your tenancy starting on the 1st June for 12 months and will supply a washing machine. The agent will need to check the terms proposed with the landlord landlord and get their agreement. Martin & Co agents will ask you to sign “Tterms of Business” to document the terms agreed.

Application forms will need to be completed for each person who wants to become a tenant. (These can sometimes be completed on-line.)

The information you will need to complete your application includes

• A recent utility/council tax/mobile phone bill or a current tenancy agreement
• A photo style driving licence/passport
• If you are not an EU citizen you will need official evidence of permission to live in the UK until the last day of the tenancy
• Details of your current and previous addresses for the past 5 years
• Contact details for your current or previous landlord(s)
• Contact details for your current employers and pay slips for the past 3 months/copy of your contract of employment.

It normally takes 3 to 5 days for your application to be processed. You may be asked by the agent to get in touch with your employer if they are slow in providing a reference.

If you are sharing, the tenancy cannot be approved until each and every sharer has successfully applied. Legally, you will each be liable for the whole of the rent and not just “your own share” however the credit reference company will assess your individual ability to pay the rent on a part share basis.

Assuming your application is successful the agent will set a date for you to attend their offices to sign the tenancy agreement. All of the tenants will need to attend the appointment or will need to sign the tenancy agreement in advance. Any Guarantor(s) will also need to sign in advance.

You will be asked to ensure you have “cleared funds” meaning cash or a banker’s draft (the bank will charge you a small fee to provide this) or possibly a debit card payment if the agent has this facility. You will not be able to pay by cheque on the day (you can normally pay by cheque in advance) or by a credit card (as the transaction can be rescinded by you).

The tenancy is not legally binding until it has been signed. If the property has been advertised through several agents simultaneously it is important that the agent you are using communicates with the landlord to ensure that only your application is proceeding. If the landlord changes his mind or lets through another agent then unfortunately there is very little your agent you can do to. However, you should be refunded your application fees and the agent should make every effort to find you suitable alternative accommodation.

use of a guarantor

Agents normally use credit referencing companies to carry out checks and provide a recommendation on your suitability. If you have no adverse credit history but are financially weak for the rental amount then you may be able to arrange a “Guarantor”...

A Guarantor is someone who agrees to abide by all of the terms of tenancy agreement, including the payment of rent, but has no right to live at the property. Your Guarantor will also need to be credit checked and there is normally an extra fee to pay for this.

moving in

Inventory & Schedule of Condition

You will be provided with a ‘Schedule of Condition and Inventory’ relating to your property. Tenants need to read this document thoroughly and notify the agent of any discrepancies as quickly as possible after the start of your tenancy. Most agents will set a time limit of around seven days, after which it’s assumed you are accepting the property in the condition described. The agent or Inventory provider may wish to revisit the property to verify the discrepancies.

Pictures and Mirrors

Most properties will already have picture hooks. If this is not the case and you wish to hang pictures and / or mirrors you must contact your agent requesting where and how many hooks you wish to add. Permission must be obtained from the Landlord before any work is undertaken. It may seem a small matter but after several changes of tenant the number of holes in the walls can multiply and spoil the decor.