Securing a property with Home Leasing

After viewing, if you wish to rent a property with us, make an appointment at the office to talk through our referencing requirements. Before parting with any money, we’ll explain everything to you and answer all your queries. 

If you are happy to proceed you’ll need to pay a holding deposit. Once paid referencing will begin. View our fees.


The holding deposit

The holding deposit is £200 per student.


Required documents for referencing

  • Proof of ID  
  • Right to remain details if applicable.
  • Current address and landlord details
  • Previous address (if within 2 years)
  • Guarantor with name and address

Note: All applications are subject to the final approval of the landlord.


How does the Holding Deposit work?

We take a Holding Deposit to secure the property for you, this is subject to satisfactory references and contract. If referencing fails, or a tenant withdraws, this fee is non-refundable. If a Landlord decides to withdraw, then the holding deposit will be refunded in full.

The Holding Deposit is not a fee, and we deduct it from your initial payment when the tenancy starts.

The Holding Deposit is £200 per student.


Guarantors

All tenants must supply Home Leasing with a guarantor. If you do not have a guarantor, rent for the full tenancy period will need to be paid up-front.

A guarantor is a representative of a tenant, eg. a relative or friend, who agrees to sign a deed of guarantee and accepts responsibility for your tenancy commitments. This means that if a person who has a guarantor doesn’t pay their rent, the guarantor would be expected to pay instead.

To be a guarantor on behalf of a tenant a person must be:

  • A UK resident
  • A UK homeowner
  • In a position whereby they will pass a credit check and a bank status enquiry

If the person you propose as a guarantor meets these criteria then we will regard them as an applicant guarantor and we will carry out a financial referencing.

The rent must be paid from your Guarantor’s bank account. This is due to student loans and rent payments being paid at different intervals. If you miss a rent payment there will be a late payment charge. By paying the rent from your Guarantors bank account, you will avoid late payment charges, saving you money.

The Guarantor will remain associated with the tenancy agreement for the full duration of the tenancy and for any renewed terms unless the tenants are re-referenced satisfactorily and an agreement is made that they can be removed from the tenancy and their obligations associated with it.

It is important to remember that the tenancy agreements are jointly and severally liable. It is not possible to modify the terms of our tenancy agreement. For more information about Guarantors just call us and we can provide you with everything you need.

For more information on renting please call us on 01273 323344

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