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Tenant guide & costs

Finding a rental property

Building long-term relationships

BRIEF GUIDE TO RENTING WITH NORTHFIELDS

Your lettings negotiator will guide you through the lettings process from registration through to move in. There are some simple steps to follow:

  1. REGISTER WITH US
  2. BOOK YOUR VIEWINGS
  3. UNDERSTAND THE COSTS INVOLVED
  4. MAKE AN OFFER
  5. COMPLETE THE APPLICATION FORM
  6. SECURE THE PROPERTY WITH AN INITIAL PAYMENT
  7. READ & UNDERSTAND THE TENANCY AGREEMENT AND YOUR OBLIGATIONS
  8. PASS REFERENCES
  9. COMPLETE PAYMENT (RENT IN ADVANCE, COSTS, DEPOSIT)
  10. SIGN TENANCY AGREEMENT
  11. COMPLETE THE INVENTORY CHECK-IN
  12. MOVE IN – HIP HIP HOORAH

On average it takes 7-10 days for all of the above to be processed.

Please click here for our handy tenant guide

Building long-term relationships

Our emphasis on building long-term relationships with tenants is what sets Northfields apart from other estate agents. We care not only about matching you with a property that ticks all your boxes now, but about helping you find your next home too.

We appreciate that choosing a new home is a big step so when you rent a property through Northfields we take time to understand your needs (paying particular attention to your travel requirements and lifestyle), acquaint you with the local area and accompany you to every viewing.

Tenants Costs

Please click here for our handy tenant guide

The costs listed below include VAT at the current rate of 20%

Permitted payments for Assured Shorthold Tenancies and LicencesAll fees or charges include VAT where applicable
Holding deposit One weeks rent
Change of sharer (tenant swap)/addendum to tenancy agreement£50
Interest on late rental payments3% above Bank of England base rate calculated daily
Providing a landlord reference at the end of the tenancy £30
Lost key£50
Early Release Charges – if your landlord agrees that you may break your contractPlease check with staff
Monies to be paid by Tenants where the tenancy is not an Assured ShortholdAll fees or charges include VAT where applicable
Tenancy or Licence£300/£120
Tenancy Agreement / Tenancy Renewal Agreement£300/£120
Reference – each person moving in over 18 must be referenced£75 per person or company
Inventory Check In - a report to note the condition of the property and its contentsThis will vary but will range from £135 (unfurnished studio) to £215
Change of sharer£300 per change

Please note that tenants will be required to pay rent (usually the first month) and a deposit (usually equivalent to five week’s rent) before the start of a tenancy.

It is likely that payment will be required in stages starting with the equivalent of one week’s rent at the time that the offer is accepted on a subject to contract basis.

Pay less upfront and gain greater freedom when moving home.

Moving home can be costly, making it hard to find your deposit, first month’s rent and the other costs of moving. A Zero Deposit Guarantee costs the equivalent of one week’s rent and replaces the traditional tenancy deposit, aiming to make renting more affordable.

Pay less upfront: Free up cash by paying a fee equivalent to one week’s rent

More choice: Zero Deposit gives tenants an alternative to the traditional deposit

Greater freedom when moving: Avoid having to fund a second deposit when moving from one rental property to another

 

How it works

  1. You review your Zero Deposit Guarantee quote online, having been introduced to us by your letting agent
  2. You make a payment equivalent to one week’s rent, provide your Direct Debit details and then the paperwork is generated, and copies sent to all parties
  3. Your landlord gets a guarantee for the same amount as a 6-week tenancy deposit and you remain liable for any damage or financial loss due to them
  4. At the end of the tenancy, the inventory and check-out are completed and if you leave the property in a satisfactory condition with no outstanding rent or bills, there is no further action required
  5. If there is any damage to the property or any unpaid rent, you will need to reimburse the landlord yourself. If you dispute the landlord’s claim, you and the landlord will be asked for evidence which will then be sent for expert evaluation
  6. If the expert finds in the landlord’s favour, we settle the claim with your landlord and seek reimbursement from you directly. If you fail to reimburse us at this point, you may be liable for recovery costs and it could impact on your credit history

Important Information

  • This Guarantee provides your landlord with protection if you do not pay them directly for the cost of any financial loss or damage due
  • You remain completely responsible for any financial loss or damage due to the landlord, as you would with a traditional tenancy deposit
  • The cost of the Zero Deposit Guarantee is not returned to you at the end of your tenancy or offset against any claim by the landlord
  • If you dispute your landlord’s claim, and our expert evaluation partner finds in your landlord’s favour, we will settle with them and then seek reimbursement from you. Failure to pay us at this stage will result in us passing your debt to a debt collection agency which may incur further costs for you and could affect your credit rating
  • A Zero Deposit Guarantee is offered to you as a choice, so if you prefer to pay a security deposit, you can. With a traditional deposit your money will be returned to you if there is no financial loss or damage due to the landlord at the end of the tenancy

There is an annual admin fee of £26 per tenancy collected every year by Direct Debit from the first anniversary

For more information visit zerodeposit.com or call 0333 200 2541

Zero Deposit is a trading name of Global Property Ventures Limited, the head office of which is at Business & Technology Centre, Bessemer Drive, Stevenage, SG1 2DX (company number 10328435). Global Property Ventures is authorised and regulated by the Financial Conduct Authority and can be found on the Financial Services Register (firm reference number 797026).

The Zero Deposit Guarantee is provided by Great Lakes Insurance SE, UK branch office. Great Lakes Insurance SE is a German insurance company with its headquarters at Königinstraße 107, 80802 Munich. It is registered with the commercial register of the local court of Munich under number: HRB 230378. The UK Branch office is at Plantation Place, 30 Fenchurch Street, London, EC3M 3AJ. Great Lakes Insurance SE UK Branch is authorised by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority.