Renting Process


1Register your interest

If you are on the lookout for a new rental property, The Real Property Experts will be pleased to meet you in our Marylebone office to discuss your requirements in detail. If you prefer, you can also register on our website and find your property on portals such as Rightmove, Zoopla and On the Market. 

When you are discussing your criteria with our agents, please be as clear as possible so we can source relevant properties for you. For example we need to know how many bedrooms you would like or what areas you are interested in. 

The Real Property Experts agents work in prime locations which means our listed properties do let quickly. To ensure that we can alert you as soon as possible, please 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

At The Real Property Experts we strive to make sure that you find your perfect home. To match your criteria we need to know your precise budget, requirements and preferred location. 

Use our quick and easy to use an affordability calculator to help you estimate how much you can afford to spend on your rent per calendar month based on your annual salary.

When you are renting a property you need to consider all other costs involved including bills, Council Tax and moving costs. In some cases, Council tax fees will be included in the rent, but it is good practice to calculate these into your costs initially. 

Please note, that referencing requirements stipulate that your net monthly income should be 2.5 times your monthly rent.

3Is a short let right for you?

An assured shorthold tenancy agreement covers a period of 6 or 12 months.

On the other hand, a short let is generally available from any length of time up to 5 months.
If you have to relocate for work or you are waiting on paperwork to go through on your new home, a short time letting might be the most suitable decision.

Whether it is a long term rental or a short term tenancy that you are looking for, our experts at The Real Property Experts can advise you on the best options available.

4Holding payments

To secure your chosen property, you will need to pay a security deposit. Doing so will allow The Real Property Experts to suspend further viewings and move forward with your application.

Once your offer is accepted, the amount you have paid will form the first part of your rent or deposit.

5Referencing

After you have placed your holding deposit, The Real Property Experts will carry out reference checks. We do so to confirm your identity, place of work, and earnings and verify that you do not have any adverse credit history. We will verify that you have the right to reside in the UK and are not subject to any immigration controls. 

You must declare any unsatisfied CCJ or bankruptcies as this could make your application void. We request that you provide a photographic ID together with evidence of Right to Rent in the 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 earnings of a minimum of 3 X rent. The guarantor should understand their obligations as they will be asked to sign a legally binding document agreeing to certain conditions 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 a 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 the draft tenancy agreement well ahead of the tenancy start date to fully understand the conditions of tenancy. If you are not sure of anything in the agreement, please ask for clarification or seek legal advice. You may get in touch with the Citizen Advice Bureau where they can advise you on the type of questions to ask your solicitor or help you find one if you need it.

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. Your deposit will be put in a Government approved deposit scheme within the first 30 days of your agreement. You must receive the details of such scheme from your agent or landlord In general, the amount required is equivalent to 5 weeks rent.

9The Inventory

When you receive your keys and are ready to move into your new home, an inventory and/or Schedule of Condition process will need to be carried out. This is to note the cosmetic condition and content of a rented property. Good quality photographs will ideally support this descriptive information.

Both you and your landlord are required to sign the document at the beginning of the tenancy to confirm its accuracy. 

If there is any part of the agreement that you are not clear about, our experts can advise you before you decide to sign it.  

Remember, the details of the inventory document will decide whether you are awarded your security deposit at the end of your tenancy.

10The end tenancy process

Depending on the agreement you have signed, you will need to give appropriate notice to your landlord before ending your tenancy. The usual time period is one or two months but you must refer back to your tenancy agreement.

If your landlord decides to put the property back on the market you can expect viewings so you need to make sure that the property is clean and tidy for prospective 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. 

Our agents will get in touch with you to arrange the return of your deposit. Depending on the property's condition, the landlord has the right to make any deductions to cover the costs of repairs or replacements. The particulars of the procedures will depend on the given 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