Rent & Reference Checks
Reference and Right to Rent Checks and Holding Deposit
We charge the Tenant a holding deposit of 1 weeks rent which is refunded back to the Tenant once the Tenancy is completed successfully.
We complete a Right to Rent check to ensure the Tenant is a legal citizen in the UK and has the right to rent your property. Any Illegal Immigrants found are reported to the Home Office.
We complete a full profile reference check on Tenants using a third-party Company and offer the Tenant with your approval the Tenancy if the results are received to be satisfactory. If further instruction is given, that the Tenant requires a Guarantor we complete these checks to. When finding the Satisfactory Tenant(s) we offer the Tenancy Agreement.
Tenancy Deposit Scheme
The Tenant is required to give 4 weeks rental payment to meet the deposit requirements normally prior to the commencement of the Tenancy Agreement.
The Deposit is transferred to the Deposit Protection Service which is one of the Government Schemes to ensure you as the Landlord are complying with the Law. Upon the tenant’s Vacating a final inspection is carried out using the Inventory from the start of the Tenancy. With all our fully managed properties and additional added services. The Inventory completed at the start of the tenancy is referred to, to assess the return and completion of the Tenants’ deposits.
At the start of the Tenancy the agreed deposit and one month’s rent will be taken from the tenant. The rent is collected on a per calendar month basis by Standing order or BACS Transfer payable in advance unless otherwise agreed. Rental income received will be paid to you less any deductions agreed within these Terms of Business immediately, when cleared funds from the Tenant are received by BACS Transfer. It may be necessary for BNR Lettings and Sales to allow 7 Business working for rental payments to be cleared before transferring the money to the Landlords Bank Account.
We are a member of CMP for our Client Money Protection. The rental income is held in a separate Client Account.
Enforcement of Tenancy Conditions
Immediate action will be taken with a breach of the Tenancy conditions to prevent problems from developing further and you will be advised accordingly.
If necessary, to enforce the conditions of the Tenancy through court action, we will prepare the documentation and liaise with your Solicitor or Legal body.