How do I apply?

TO RESERVE A PROPERTY, ONE APPLICANT ONLY MUST EMAIL WITH THE FOLLOWING INFORMATION:

WHAT HAPPENS AFTER PAYMENT OF THE HOLDING DEPOSIT?

FAQ’s

WHAT IS THE LEAD TENANT’S ROLE?

WHAT IS THE HOLDING DEPOSIT?

Payment of the Holding Deposit ensures that the Property has been reserved and will not be offered to any other applicant(s) by First 4 Lettings, awaiting the completion and receipt of all paperwork and documents as per the ‘Reservation Receipt’.


The ‘Holding Deposit’ will be applied towards the first payment of rental.


The Holding Deposit and any other amounts paid will be forfeited as liquidated damages under any of the following non-exhaustive circumstances. If you:

  • withdraw or otherwise fail to take up the tenancy
  • provide false or misleading information (at any stage prior to reserving the property or thereafter)
  • fail any affordability, referencing, and/or credit checks
  • are unable to provide a suitable guarantor who meets our requirements (when required)
  • do not satisfy any of the conditions as outlined

  • Should any of the tenants fail to return their completed paperwork or sign the ‘Reservation Receipt’ within the allocated time, the Holding Deposit will be forfeited and the property will be re-marketed.


    All properties are let on an ‘as seen basis’ and any changes/clarification to the specification, furnishings, decorative condition and/or cleanliness of the property will only be agreed at the time of reservation by email.


    It is your responsibility to enquire as to what the exact furnishings are when you reserve the property, as some items you see at the property at the time of viewing may not be included when you move in.

    WHAT IS THE SECURITY DEPOSIT?

    A security deposit (usually equal to one month’s rent) is paid to cover any breakages, damage or other tenant liabilities but not to cover rent. At the end of the tenancy, a property inspection is carried out to assess any damages/deductions due.


    Where First 4 Lettings are managing the property, the deposit will be protected with ‘The Deposit Protection Service’ under their custodial scheme. More information on this scheme can be found at www.depositprotection.com.


    Where First 4 Lettings are not managing the property, the deposit is transferred to the Landlord and the Landlord will be advised of their duties and obligations with regards to the deposit.

    HOW IS RENT PAID?

  • RENTAL PAYMENTS ARE USUALLY DUE MONTHLY IN ADVANCE
  • RENTAL PAYMENTS MUST BE MADE BY BANK TRANSFER
  • RENTAL PAYMENTS MUST BE PAID IN FULL FROM ONE ACCOUNT ONLY
  • WHAT IS REQUIRED FROM THE GUARANTOR & THEIR ROLE? (IF APPLICABLE)

    In the event of a tenant being unable to meet their obligations under the tenancy agreement, the guarantor is legally bound to accept the liabilities on behalf of the tenant.


    A guarantor must:

  • be a UK homeowner;
  • be in full-time employment;
  • not fail any affordability checks;
  • not have any County Court Judgements, bad credit history or debts against their name

  • Each guarantor will be required to complete an application with supporting information and documentation (including identification, proof of address and Right to Rent documentation) through ‘Vouch’.


    ‘Vouch’ will carry out the necessary credit checks and apply for references. Following satisfactory replies to the check and reference enquiries, each guarantor will be required sign a ‘Guarantor Agreement’.

    WHAT IS A TENANCY AGREEMENT?

    The tenancy agreement is a legally binding contract between a landlord and a tenant specifying the terms and conditions of their rental agreement.

    WHAT HAPPENS AT MOVE-IN?

    MANAGED BY FIRST 4 LETTINGS:

    The lead tenant will be responsible for arranging an appointment with the date and time (during our office hours) to collect the keys.


    You must bring the original ID documents (including Right to Rent documents), for all tenants, to this appointment.


    Failure to make an appointment to collect keys and/or failure to bring the relevant ID documents may result in keys NOT BEING ISSUED.


    The tenant will be issued with all keys and emailed the ‘Property Inventory/Schedule of Condition*’, provided all conditions with regards to the reservation have been fulfilled.


    *The ‘Property Inventory/Schedule of Condition’ is a full and detailed report of the furniture, contents and state of repair of the property.


    Although we will register the tenant’s for utilities and council tax, it is the tenant’s responsibility to ensure all relevant utilities and the council tax have the correct meter readings and details respectively.


    NOT MANAGED BY FIRST 4 LETTINGS:

    The lead tenant will be responsible for arranging an appointment with the date and time (during our office hours) to collect the keys, unless keys are to be collected directly from your Landlord.


    You must bring the original ID documents (including Right to Rent documents), for all tenants, to this appointment.


    Failure to make an appointment to collect keys and/or failure to bring the relevant ID documents may result in keys NOT BEING ISSUED.


    The ‘Landlord’s Contact Details’ along with ‘Ongoing Rental Payment Details’ will be provided.

    Property Valuations

    Are you interested in finding out what rental price your property could achieve? If so, then please contact us to get a FREE valuation. You have nothing to lose whilst getting our expert advice.

    Landlord Yield Calculator

    Look at our FREE RENTAL yield calculator to see if your property is a good investment. Contact us to see what we can do to make your investment more profitable.

    Students

    We have a large selection of student properties located near both UOL and DMU. With a budget to suit all students, First 4 Lettings is the one stop shop for all looking to secure student accommodation in Leicester.

    Maintenance

    Tenants can have the peace of mind that all our managed properties are fully maintained by our 24/7 maintenance department. All issues are dealt with in a swift and prompt manner to ensure your stay in the property is as enjoyable as possible.

    Featured Properties

    Fees

    PERMITTED PAYMENTS

    As well as paying the rent, you may also be required to make the following permitted payments:

    1) Holding Deposit: Up to one week’s rental

    2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

    3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

    4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

    5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

    6) Replacement of keys, fobs or other security devices

    7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

    8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


    TENANT PROTECTION

    First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.