If you are a student or unemployed, you will need a guarantor. You may also require a guarantor should your income fall short of the required figure. To determine this, check that your annual salary is at least 30 times the monthly rent.
For example a rent of £500pcm would require a minimum of £15,000 annual salary. Each guarantor will need to complete an application form and be referenced before a tenancy can be considered. The guarantor will also have to sign the deed of guarantee before the tenancy can proceed.
Tenant’s admin fee
We ask you to pay this fee to cover the administration costs of preparing the tenancy documentation and costs of credit references. The fee is payable at the time of submitting the application. Please contact our lettings team for information relating to the charges. Please note that if your application fails or is withdrawn, the cost is non-refundable.
Please be aware that few landlords impose certain restrictions with respect to:
- Housing Benefit
It usually takes a minimum of 5 working days before you will be able to move into your property. The credit agency to which we submit your application will notify us as to whether your application has been successful.
Once your application has been approved, a mutually convenient time and date will be agreed for
the tenancy to commence. At this point, it will be necessary for all prospective tenants and guarantor or guarantors (where required) to attend the office to sign the tenancy agreements and other relevant documentation. Once the tenancy agreement has been signed, you will receive a counterpart copy for your retention.
Please note, in most cases landlords require the first month’s rent and the deposit to be paid prior to the handover of the keys. However, there may be room for negotiation with some of our landlords.
Payment of the rent
You will also be asked to complete a direct debit/standing order mandate for the monthly rental payments. This will be payable each month in advance and will be collected on a set date as stated in the tenancy agreement. For joint or multiple tenancies, only one mandate can be accepted.
The landlord is not responsible for insuring any of your personal belongings. Therefore, we strongly recommend that you obtain adequate contents insurance. If you would like a free, no-obligation quotation, please speak to one of our branch representatives or alternatively, contact our insurance team directly on 0151 733 3693 for an instant quote.
Where Harrison & Co team is not responsible for the management of the tenancy, you will be given the landlord’s contact details in case you need to report any maintenance problems.
Harrison & Co will write to the gas, electricity and water suppliers notifying them of meter readings at the commencement of the tenancy. We will also write to the local authority for council tax purposes. Please note that we strongly recommend that you must also inform the suppliers to ensure that your details have been received and processed.