Renting Process


1Register your interest

We would be pleased to meet you in our Marylebone office to discuss your requirements in detail. You can also register on our website and find your property on portal such as Rightmove, Zoopla and On the Market. It helps to be as clear as possible on your criteria (such as required number of bedroom for example) so we source relevant properties for you. We work in prime locations and properties do let quickly so let us know your preferred mode of contact be it phone, email, SMS or WhatsApp. If you have a date that you will be leaving an existing home that you are renting, please do let us know and The Real Property Experts will work hard to ensure we can keep to your required timescale.

2Consider Property Management

Please let us know your precise budget, requirements and preferred location, The Real Property Experts will do our best to find your perfect home.

It is important that you take into account all other costs involved including bills, Council Tax, moving costs, etc. It’s worth noting that referencing requirements stipulate that your net monthly income should be 2.5 X your monthly rent

3Is a short let right for you?

An assured shorthold tenancy agreement is issued for either 6 or 12 months. However, if you’re waiting for the purchase of a property to go through or you’re relocating for work for a short time, you may want to consider a short let; periods available can be anything from a month to 5 months.

4Holding payments

Once The Real Property Experts have found you a property, you need to secure it with a holding deposit. This secures the property and stops other people viewing it. When your offer is accepted, this money will form part of the initial rent or your deposit.

5Referencing

Once you have placed your holding deposit, you will be required to undergo reference checks to confirm your identity, your place of work and your earnings and to confirm that you do not have any adverse credit history. You will also be verified as having the right to reside in the UK and not being subject to any immigration controls. You should declare if you have any unsatisfied CCJ or bankruptcies as this may jeopardise your application. You will be asked to provide photographic ID together with evidence of Right to Rent in UK, your earnings and your current address.

6Guarantors

If you are on a low income or have a problem proving proof of earnings, you may need a Guarantor. A guarantor is someone who should have a clean credit history, a homeowner and/or be in full time employment with take home earrings of a minimum of 3 X monthly rent. The guarantor should understand their obligations as they will be asked to sign a legally binding document agreeing to certain condition which will include paying the rent if for any reason you are unable to meet your commitment.

7Your Tenancy Agreement

The tenancy agreement is a legal document detailing your rights and obligations as tenant and the obligations and expectations of your landlord. It confirms the terms of the agreement between both parties.

The Real Property Experts will give you a copy of draft tenancy agreement well ahead of the start date of the tenancy to fully understand the conditions of tenancy. If you are not sure of anything contained in the agreement, please ask for clarification or seek legal advice. You can also get help from Citizen Advice Bureau

8The security deposit

Before you move in, you will need to pay a security deposit along with your rent. Your security deposit is there to indemnify the landlord against loss of rent or to pay for any damages you might cause. In general, the amount required is equivalent to 5 weeks rent. By law, this must be protected in a Government approved deposit scheme within 30 days from the start of the tenancy. The landlord or his agent is required by law to give you “Prescribed Information” with details of the relevant scheme.

9The Inventory

The inventory and/or Schedule of Condition process formally notes the cosmetic condition and content of a rented property. This descriptive information will ideally be supported by good quality photographs.

The inventory document is given all parties to sign at the beginning of the tenancy to confirm its accuracy and it is important to highlight and resolve anything you are not clear about before you sign it. At the end of tenancy, the same document is then used to compare the condition of the property and the deposit is then awarded appropriately.

10The end tenancy process

There are strict timescale involved in ending a tenancy. This starts from the date notice is served which is usually one or two months depending on what has been agreed.

If the property is put back on the market, viewing may take place so it is important to keep the property clean and tidy for prospective new tenants.

If an inventory was carried out when you moved in, the inventory clerk will meet you at the property on your last day to conduct the check-out process and at that point you give back the property back to The Real Property Experts and hand over all keys. We will be in touch with you within 10 working days of receiving the keys to arrange the return of your deposit if there are no deductions. If the landlord wishes to make deductions from your deposit, there will be a set procedure that will be detailed on the website of that particular deposit scheme.

Valuation

The Real Property Experts are pleased to give you an authoritative appraisal of the value of your property and the appropriate asking price for sale using all our experience and understanding of London’s micro markets, history and buyers expectations. Should you require a formal valuation for legal or taxation purposes we can refer you to a RICS registered surveyor.

Area Guides

Please click on the links to guide you through London prime residential areas.

Experience

The Real Property Experts have been serving Marylebone and surrounding areas for over ten years and our staff have almost 50 years combined experience in sales and letting in Central London.

Results

The Real Property Experts always work hard to maintain our excellent levels of customer service - check out our positive reviews from vendors , landlords , buyers and tenants.

Featured Properties

Fees

Refundable Holding deposit

Capped at 1 weeks rent

Security Deposit

Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent

The agreed monthly rent

Changes to tenancy

Capped at £50 inc VAT

Early termination charge

Not exceeding the landlord’s financial losses

Late payment of rent

Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys

Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc

Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details

The law requires your membership details

Property Redress Scheme Membership details

The law requires your membership details