As a tenant of ours, you will be required to sign a (completed) copy of the tenancy agreement after referencing has been completed, therefore it is vital that you understand the tenancy agreement completely and that you are 100% willing and able to sign it when the time comes, before continuing any further.
It is not possible to request changes to the tenancy agreement at this point - any changes should have been agreed at the stage where your offer was submitted, so unless you have agreed to any special conditions that are not shown on this draft tenancy agreement you will be required to sign the document as it is.
Please visit https://letmeproperties.co.uk/example-tenancy-agreements/ to see the example tenancy agreement. Most tenancies will be our "Full Management Service" however if you want to be 100% sure, please send an email to us asking what service type your tenancy will be so we can confirm.
Frequently Asked Questions:
- Am I liable for the actions of other tenants?
- Technically yes, the tenancy agreement is for joint and several liability, therefore, at the end of the day you may end up liable for the failure of another tenant due to this. For this reason, it's extremely important to choose your co-tenants wisely.
- Will I qualify as a Tenant?
- Please see the following article on our tenant referencing process. If you have any adverse credit history or a low income, then it is unlikely that you will qualify to act as a tenant, so please pay careful attention to our referencing criteria to ensure that you do not fail referencing.
- I've changed my mind and don't want to act as a tenant. Will the other tenant/s lose the property and the money they have paid if I pull out?
- The short answer is yes. The other tenants will lose at least £132 in fees for replacing you with another tenant (if they are able to find one quickly enough), however, if they cannot find a suitable replacement tenant, then they will likely lose the holding amount they have paid and their application will be cancelled. This is why we highly recommend that tenants carefully read our articles on referencing criteria and credit checking.