Looking to rent a property?
Wild & Co. understand that nowadays more and more people are renting their homes. We know that the quality and range of private rented accommodation in Hackney is better than ever before.
Renting is usually cheaper than owning and bills are more predictable too. Renting gives you more flexibility. You can move somewhere else relatively quickly, which is useful if you’re planning to move for a new job or are going away to study. Also, it’s less hassle than being an owner as you won’t need to pay for property maintenance – most of that will be done for you.
How to find a place to rent:
Before you start looking for somewhere to rent, you’ll need to think carefully about what you need and want.
For example, if you’re only there during the week, a small place might do just fine. If security is important, then a ground floor flat may be out. Do you want furnished or unfurnished accommodation or would something that’s just part-furnished be okay? Often it doesn’t make much difference to the rent. If you have a car, you’ll need to check out the parking situation. How near are you to public transport and other local amenities? Wild & Co. have got a lot of local knowledge about the various areas in Hackney and can tell you all about local amenities and services.
We’re very happy to talk over with you what you need, and advise you about the pros and cons of your options. If you’re prepared to share, we may even be able to help you find a flatmate.
Using Wild & Co. to find a place:
Dealing directly with private landlords to find a property can be worrying…You’ll have to meet a total stranger at a property and landlords are unregulated and don’t need to be part of a professional trade body or trade association. Lettings agents offer greater peace of mind and security.
We take pride in offering a fair and transparent service to both tenants and landlords.
Once you've registered with us:
It will cost you nothing to register with us and once we know what sort of place you’re looking for, we’ll immediately notify you when something suitable comes up. We’ll stay in touch with you even if nothing comes up immediately. Bear in mind that a lot of property to rent won’t be available to move in to for at least four weeks so the sooner you register with us, the better.
If a suitable property comes up, Wild & Co will arrange a viewing at a time that suits both you and the landlord. We’ll advise you about what to look out for and we’ll explain what legal rights and responsibilities both you and the landlord will have.
If you want the property / holding deposits:
Let us know as soon as possible if you’re interested in the property and we will then request a holding deposit of £300.00 to £500.00 to secure your offer – if your offer is not acceptable to the landlord for any reason, the holding deposit is fully refundable. Remember that other people will probably also be interested in it. Make sure you’re in a strong position for the landlord to accept your application – have copies of references from your employer and previous landlords ready, together with your bank details, documents proving your ID and full address with postcodes for the last three years. We’ll need these to do a reference check. If you think you may need a guarantor, get this set up in good time.
Reference Checks & Fees:
If you like the property, you will have to pass reference checks before the landlord will accept you as a tenant. This will usually take 5-7 days and we do charge a flat rate fee of £100.00 per tenant, which is non-refundable, even if the reference check rejects you as a tenant. (In some circumstance, depending on the property and landlord, this fee may not be chargeable).
All prospective tenants will be required to:
- Complete a credit check form
- Supply 3-6 months recent bank account statements
- Supply 3-6 months pay slips or letter of employment
- Supply photographic ID
- Supply proof of address (recent utility bill)
- Supply previous landlord reference for past 1-3 years
It is NOT our intention to keep any deposits and therefore we will not proceed with references if we believe you will not pass. We strongly believe in fair practices and understand it’s important that tenants feel comfortable throughout this process.
The Tenancy Agreement & Fees:
Before you can move in, you’ll have to sign a tenancy agreement. We do charge tenants a fee for this. Our maximum fee is the equivalent of 1 weeks rent (for the property being rented). This is a ‘one-off’ payment per tenancy (not per tenant).
The tenancy agreement sets out the legal rights and responsibilities of both landlord and tenant. Most new tenancies today are Assured Short hold Tenancies which are usually for a fixed term of 6 or 12 months. After the fixed term has ended, the landlord can make you leave by giving you two months‘notice in writing. If the annual rent is more than £25,000, or if the tenancy is in a company’s name or if the landlord lives in the property, a different form of tenancy agreement will be used. We will advise you about these different types of tenancies.
It’s important to understand all the terms of the tenancy agreement before you sign it. It lists all your responsibilities so read it carefully. We’ll be happy to do through this with you before you sign it.
Once you've signed the tenancy agreement:
Once both parties have signed the tenancy agreement, you’ll usually have to pay the first month’s rent and a deposit. After that, you may find you are dealing directly with a landlord who will look after the management, but in some cases we will be managing the property and you’ll need to get in touch with us if there any problems.
In most cases, you’ll be asked to pay us a deposit. We’ll always give you a written receipt for this and make sure it’s protected by a government-approved Tenancy Deposit Protection Scheme.
The landlord will be able to keep some or all of this deposit if you cause damage to the property (beyond fair wear and tear).
If, at the end of your tenancy you feel that your deposit has been withheld unfairly, Protection Scheme can step in and sort out disputes with your landlord.
We advise all landlords to provide you with a detailed inventory before your tenancy starts. This lists everything in the property and its state and condition. You should always check that the inventory is correct and let us know if there’s a problem with it when you move in.