Selecting your property
All properties we offer are 'let as seen' unless specifically agreed in writing
prior to the commencement of the tenancy. When viewing a property, especially if
the tenant has not vacated, it is important to establish whether specific items
are included. If you have any concerns please talk to the JAC Strattons consultant
who accompanies you to the viewing.
Weekly Rent & Monthly Rent
Although rent is usually quoted as weekly, it is payable monthly or quarterly (depending
on the terms of the tenancy agreement). The table below will give you an idea of
1 year consists of 52 weeks
Weekly Rent x 52 weeks = Annual Rent.
Annual Rent divided by 12 Months = Monthly Rent
When you have found a suitable property we will provide you with an application
form and you will need to pay a holding deposit (usually two week's rent) to indicate
your commitment. This deposit is refundable only if the Landlord does not accept
your offer. However, if you change your mind and withdraw your offer, the holding
deposit is not refundable. Please make sure you sign our Holding Deposit letter
and sign the receipt. If this has not been signed we will not proceed with your
You will be required to provide financial, employer or trade references and where
possible previous landlords reference/s. The Landlord may request a reference check
via an independent third party Credit Referencing Agency. This cost is borne by
the applicant/s and is non-refundable. Please ensure that the application form is
completed in full and the information provided is as accurate as possible in order
to prevent unnecessary delays. A Guarantor may be required if you are new to the
UK or cannot provide sufficient proof of UK income. The Reference Fee covers one
Guarantor check. If you require two Guarantors, two fees will apply.
Subject to the Landlord accepting your offer, we will draw the appropriate Tenancy
Agreement for your tenancy: If you are an individual(s) and the rent does not exceed
£100,000 per annum, we will draft an "Assured Shorthold Tenancy" agreement.
If you are an expatriate, and your company will be the Tenant and you will be the
occupier of the property, we will draw a "Common Law Tenancy" agreement.
The Tenancy Agreement is a legally binding document which forms a contract between
the Landlord and Tenant. It sets out the terms of the tenancy including the rent,
deposit, duration, Landlord & Tenant's obligations, any break clause and so on.
If you have any questions, please consult your JAC representative. You may also
wish to obtain independent legal advice.
**Break Clause** It may possible to negotiate an optional Break Clause into
the Tenancy Agreement. This allows for the tenancy to be terminated prior to its
expiry provided sufficient notice is given by the Tenant or Landlord. Please ensure
you are aware of any such clause in your Tenancy Agreement and the specific terms.
Before you move in
Funds required prior to moving into the property
£0 No Charge
Putting an Offer on a property
2 weeks rent (Holding deposit - Not refundable if you change your mind.)
£60 inc. VAT per person(If credit referencing agency has been used)
Administration Fee (Contracts)
£180 inc.VAT (For drawing the Tenancy Agreements and exchanging the contracts)
1 month rent in advance
1 month rent (This is subject to the Tenancy Agreement and exchanging the contracts)
Deposit(Incl. holding deposit)
6 weeks rent (This is subject to the Tenancy Agreement, there are some exceptions)
Inventory** (if applicable)
£ various (Please check with consultant)
** It is our standard practice that the Inventory List compilation and Check-In
costs will be borne by the Landlord. The Tenant pays the Check-Out Inventory fee.
This is subject to the terms of the Tenancy Agreement - please ensure you are aware
of the terms of your Tenancy Agreement in this regard. The Landlord and Tenant may
choose to split the costs so half is paid by each party at the start and end of
(JAC Strattons is a member of "My|Deposits")
Your deposit will be safeguarded by the Tenancy Deposit
Under the Tenancy Deposit Protection legislation introduced on 6th April 2007, all
deposits for Assured Shorthold Tenancies (AST) must be registered with an approved
scheme. JAC Strattons is a member of My|Deposits run by The Dispute Service Ltd.
tenancy for which JAC Strattons holds the deposit will be registered with and protected
by My|Deposits. The protection will commence 30 days from the date we receive the
deposit as cleared funds. You will be provided with comprehensive information on
the scheme administrator and what to expect at the end of the tenancy.
Company Let or Common Law Tenancy
For Company or Individual Lets where the rent exceeds £100,000 p.a, the deposit
may be held by JAC Strattons as Stakeholder, by a company solicitor or by
the landlord. Please ask the consultant to confirm who will be holding your deposit.
Please note that the deposit is held against any damages, non-payment of rent or
other expenses that may arise during your tenancy. The deposit will be returned
to you subject to contract after you vacate the property and all rent is paid up
Please note that the deposit is NOT to be used as payment of the final month's rent.
An inventory of contents will normally be prepared before taking occupation. On
the day, an inventory clerk will check the inventory and prepare a Check-in Report
and Schedule of Condition which you will be required to sign.
A copy of the inventory and Schedule of Condition will be sent to you shortly after
you move in. Once received, please keep it safe, as it will be referred to when
you vacate. It is important that you check the inventory and Schedule of Condition
carefully, as this document together with your tenancy agreement will form the basis
of any damages claims by your landlord at the end of the tenancy.
Please advise us or the landlord of any discrepancies in writing within seven days
of moving in so as to avoid any later disputes.
Meter readings for all relevant services (electricity, gas and water) will be taken
at check-in and noted on the Schedule of Condition. The cost of compiling the inventory
list is usually borne by the landlord. The charges for carrying out the inventory
check-in and check-out are ordinarily shared between landlord and tenant; where
one party pays the check-in,
other pays the check-out fee. There are some exceptions, but these will be specified
in the Tenancy Agreement.
You will need to inform the utility companies together with the council tax office
of your moving in. Please note that you must also notify television licensing and
the telephone supplier of the commencement of your tenancy at the property.