How do I apply?

To reserve a property, with First 4 Lettings, the following procedure must be followed:

What happens next?

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 as per the 'Reservation Receipt'.

Should any of the tenants/guarantors 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.

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

All properties are let on a 'as seen basis' and any changes to the specification/furnishings 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 deposit is paid to cover any breakages, damage or other tenant liabilities but not to cover rent. This is usually equal to one month's rent.

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

If 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.

At the end of the tenancy, a property inspection is carried out to assess any damages/deductions due.

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 the role of the Guarantor? (if required)

Our requirements for a guarantor are as follows:

  • they must be a UK homeowner;
  • they must be in full time employment;
  • they must not fail a credit check

If the tenant requires an individual guarantor; the guarantor is required to sign a 'Guarantor Agreement'. 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.

(GUARANTORS DO NOT NEED TO ATTEND OUR OFFICES TO PROVIDE THE REQUESTED INFORMATION)

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 is the 'Inventory & Schedule of Condition'?

Where First 4 Lettings are managing the property an 'Inventory & Schedule of Condition' will be conducted prior to move in.

This is a full and detailed report of the furniture, contents and state of repair of the property. It will list all rooms in the property and all of the major areas in each room, giving details of knocks, marks, stains, and any of damage that is available to the naked eye. If there are any fittings, fixtures, furnishings or other contents that are being made available with the property, these will also be listed.

It is the tenant's responsibility to ensure all relevant utilities and the council tax have the correct meter readings and details.

What happens at Move In?

The lead tenant will be responsible for arranging an appointment to confirm the date and the time (ONLY during our office hours) to collect the keys. Failure to make an appointment to collect keys may result in keys NOT BEING RELEASED.

MANAGED BY FIRST 4 LETTINGS:

On the move in day, the tenant will be required to confirm and sign the 'Inventory & Schedule of Condition'.

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.

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 accomodation 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.