+44208 854 4292
+44208 854 4292

Information

Portfolio Management

NO TENANT FEE


Referencing – All tenants will be referenced. It is mandatory. Includes variety of works, processing application, referencing such as Credit checks, obtaining references from current and previous landlords & employers in order to establish affordability.
Checking immigration and visa status, in order to confirm tenant’s right to rent. This also includes negotiating the tenancy.

Guarantor Referencing are sometimes necessary. Entails – Credit checks, obtaining references to establish affordability, immigration status, preparing deeds of guarantee and terms & conditions of deeds.

Good Neighbours EstatesCOMPANY REFERENCING

Company Referencing Fee  £450

INFORMATION FOR TENANTS ON HOW TO RENT

How to Rent a property (open pdf in new tab)

Things to consider and note when deciding on a property for rent can be observed from our defined NOTES below:

As soon as you have identified a property you like, You would need to visit our office with the reservation fee. Once we have the reservation fee we will take the property off of the market and start the referencing procedure.
Consequently you will be given a letting criteria and an application form to complete. Upon receipt of your application form, we will forward it to a referencing company to take up the references on behalf of the landlord. They will contact your employer, your current landlord (if you are in rented accommodation ) and your previous Landlord if required and in addition carry out a credit check on you. Your previous employer will also be contacted if you have recently changed jobs. If you are self employed they will need to contact your accountant. Moreover if required an immigration check will be carried.
The length of time the referencing takes will depend on external factors. such as how long your employer/landlord/ Home office etc take to reply to the requests for references. We strongly advise that you notify these individuals to expect reference requests to avoid unnecessary delays. If the replies to the references come back quickly the process will only take 4 days and if not, it could take up to 2 weeks or more.
If after conducting a check on you and the credit company requires a guarantor to support your application. A guarantor may be asked for as extra security that the rental payments will be met. Some of the most common reasons a guarantor is requested are: You may have changed jobs within the last 18 months and have had a gap in your employment of more than 14 days. Your employment may not be deemed as being permanent e.g contract/seasonal work. You have not been in full time employment in this country for more than 6 months. You have a low credit score Your income to rent ratio falls below the referencing agency’s criteria.
Who can be my guarantor? Anyone who meets the referencing agency’s criteria and who is prepared to sign a legal document stating that should you fail to pay the rent, they will meet your rental obligations. Most tenants would ask a member of their own family, but your guarantor does not have to be related to you. Your guarantor must: Be in full time employment, or be able to prove by bank statements that they have ‘independent means’. Have a good credit score with no county court judgements, bankruptcy notices or administration orders. Earn a minimum of 3 times the yearly rent (sometimes a guarantor may be able to earn less than this – please call the office to discuss) They must be aware that they will stand as guarantor for you, (and your partner if you are moving in to the property with someone else), for the whole time you occupy the property, not just for the period of the initial tenancy term.
How much do I need to earn to be considered for the property? Remember that you must pass all the referencing to be considered for the property, and the final decision is always down to the landlord. However, the referencing agency does have strict criteria on multiples of income. A tenant must earn at least 1.5 times the yearly rent. If you earn at least this you will qualify but will need a guarantor. If you earn at least 2.5 times the yearly rent you will qualify on the income part of the referencing without a guarantor. Remember the referencing agency may still require a guarantor due to another aspect of your application.
Which tenants do not pass the referencing? Students, or people on benefits, if they do not have a guarantor. .Any tenant that falls into one of these categories will not pass the referencing without a guarantor. The referencing agency will usually not pass a tenant with county court judgements, administration orders or who has been declared bankrupt. If you fall in to one of these categories please call the office to discuss your individual situation. You will not pass the referencing if your yearly salary is less than 1.5 times the annual rent. (Your partners income can be taken in to consideration when working out this calculation)

FAILING THE REFERENCES-We reference tenants through a referencing agency. They have very strict criteria. Some reasons that you may fail the references include (but are not limited to): Undisclosed bad credit (no matter how small the amount may be) Not disclosing all of your addresses Receiving an unsatisfactory landlord reference – if you have not always paid your rent in full AND on time you will fail the referencing Not being able to provide a guarantor when asked.
Your landlord or employer refusing to complete your reference. Your employer confirming your income at a lower amount than you stated. Not being able to produce an acceptable form of identification / proof of residency. Essentially, it is very important that tenants do not apply for a property if there is a possibility of failing the references, as if you fail the references your application will be rejected. Although, your holding deposit will be refunded back to you in full.

What happens once the references are back? A copy of the reference report is sent to the landlord . If the landlord is happy we will arrange a day and time for you to come to this office, pay your monies, sign contracts and hand over the keys. Copies of any relevant safety certificates will be given to you at this time. You must bring identification with you.
What identification will I need? All tenants must show proof of address. Only the following forms of identification are accepted: Bank Statements, Utility bills (less than 3 months old) Full driving license, Council tax bill (less than 3 months old) Letter on headed paper from your employers’ human resources department stating your home address and period of employment. In addition to the above a tenant must supply photographic id (Valid passport or photo driving license etc). No other form of identification will be accepted. If you do not bring the correct form of identification we cannot release the keys to you.

How much dilapidation deposit do I pay? <br>Your deposit is equal to one month’s rent unless otherwise agreed. <br>Will I be allowed to decorate or keep pets?<br> Anything you would like to do to the property must only be done with your landlord’s prior knowledge and consent.

No pets are allowed unless you have the written consent from your landlord. All information is provided in good faith. It does not replace the advice of a qualified legal advisor. We will accept no responsibility for any inaccuracies

Management expertise

Landlords

Our agreement is made between the Landlord of the Property and GOOD NEIGHBOURS ESTATES who agrees to act as agent.
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Tenants

The purpose of the dilapidations deposit is to protect the Landlord against loss of rent or damage to the Property during the tenancy itself.
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Letting

The Landlord confirms that he/she is the sole or joint owner of the Property and that he/she has the right to rent out the Property under the terms of the mortgage or head lease.
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Possession Order

It is the Landlord’s responsibility to inform the agent and the tenant if the property is undergoing a possession order.
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Legal Requirements

Good Neighbours Estates is subject to the money laundering regulations 2007. Hence, we will ask you to provide suitable identification. Read more…..

Complaints

We take all complaints we receive seriously and aim to resolve all our customers’ problems promptly.

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