TENANTS

We take our responsibility to our tenants very seriously and aim to provide a home which is safe, secure and comfortable. We will respond to any problems which may arise without delay and will do everything in our power to ensure that repairs are carried out swiftly and efficiently.

While we welcome tenants of all kinds, we would stress the following points:

Each applicant must:

• Be working in full-time employment or, in the case of starting new employment, be able to supply a copy of a formal written contract indicating salary and start date. If the employment is of a temporary nature it must be through a recognised employment agency and proof of 12 months earnings must be provided.
• Have a good credit history (subject to appeal where proof can be provided)
• Have satisfactory references from the previous landlord / letting agent (if required)
• Have a sufficient income to pay your obligations under the tenancy

Guarantor

An applicant will need a Guarantor when:

• The applicant cannot be located on the Voters Role at the address(es) given and is unable to provide proof of residency.
• Their salary is less than the ratios above.
• They have an adverse credit history (an adverse credit history that would be acceptable with a guarantor would mean: A single County Court judgement / Court Decree for no more than £300 in the last 3 years).

Each Guarantor must:

• Be a resident in England, Scotland, Wales, Northern Ireland or Isle of Man:
• Guarantors residing in the Channel Islands, Eire or elsewhere in the World are not acceptable.

Right of Appeal

An applicant will be declined without the right of appeal if they:

• Have more than one County Court Judgement
• Their salary is less than the ratios above.
• Have an adverse reference from the landlord, managing agent or employer.

Deposit

Park Lane Properties will require a deposit in addition to the first month's rent. These amounts will be required before you take occupancy of the property. The deposit will usually be the amount of the monthly rental.

Tenant Fees

The fees chargeable to the tenant cover the cost of obtaining references, credit searches, preparation of the inventory, tenancy agreement and setting up the tenancy. The charge is £140.00.

Tenancy Deposit Scheme (TDS)

Tenancy deposit law was introduced in April 2007 and provides protection for tenants by preventing landlords and letting agents from unfairly withholding a deposit. The scheme protects all Assured Shorthold Tenancies in England and Wales (covering most tenancies since 1997).

Park Lane Properties are members of The Dispute Service Ltd., which means that we will be able to hold the deposits on behalf of the landlord. The scheme requires us to register all deposits received and to pay the necessary premiums and membership fees. At the end of the tenancy, the landlord/agent must endeavour to agree with the tenant how the deposit is to be divided. If no agreement can be reached about how much of the deposit should be returned, there will be a service to help resolve disputes, offered by the scheme which is protecting the deposit. There is no charge for this service as it is included in the cost of joining the scheme. The parties are not obliged to use this service as each has the right of redress through the courts if preferred.

If the landlord and tenant both agree to use the service to resolve disputes offered by their scheme provider, they are agreeing to be bound by its decision. The case will then be referred to the Independent Case Examiner (ICE) who will make his judgement. We will be working on the assumption that all landlords will wish for us to hold deposits on their behalf. If you do not wish for us to do this then please let us know. We can send the deposit on to you but you will need to register it with one of the schemes yourself. The penalty for non compliance is a payment to the tenant of three times the amount of the deposit.
Further information on the Tenancy Deposit Scheme is available at the government website: www.direct.gov.uk/en/TenancyDeposit/DG_066373

ENQUIRIES

If you would like a no obligation valuation of your property, advice on acquisition and development or information on any of our services, we'd love to hear from you!
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