Wright’s Property Management are friendly, professional guys. I was new to the ‘buy to let’ market when I was introduced to them. They talked me through the whole process – I was reassured to find them. - Jayne, South Molton
Tenants
References
References will be taken and a credit search made. We will ask you for details of some or all of the following depending on circumstances; employer, landlord, mortgage lender, solicitor. If self-employed, we will need your accountant’s details and you must be able to show at least three years trading figures.
When will the tenancy begin
If the property is vacant the tenancy should normally start no later than 10 days from the date the application is accepted. However, a tenancy cannot start unless satisfactory references have been obtained, we have our client’s final consent, all legal documents have been signed and all monies have been paid and cleared.
The Deposit
An amount equal to at least one and a half months rent will be required, to be held against damage, non-payment of rent etc., and is returnable, less any such deductions and without interest, after the end of the tenancy. An extra £100 (minimum) deposit may be required for pet owners. All tenant deposits are protected by the Tenancy Deposit Scheme. For more details visit: www.thedisputeservice.co.uk
Inventory
At the start of the tenancy you will be given the inventory in duplicate. You must sign and return one copy to us within seven days of the start of the tenancy. This is the document we will use at the end of the tenancy to determine if any items are missing or damaged, if cleaning or gardening is needed, or if there are any matters concerning the condition of the landlord’s property which will have an effect upon the return of your deposit.
We will charge you for part of the cost of checking the inventory, liasing with utility companies etc., and this will be a minimum of £50 plus VAT, depending on how long it takes, but may be more if there are problems to deal with.
Preliminary payment
If you decide to apply for a tenancy, we will ask you to make a payment of £80 plus VAT (£94) in cash per person for whom we need to take up references. This payment will enable us to pay for taking up references, a credit search and will also cover costs in connection with the preparation of the Tenancy Arrangement.
Refund
There will be no refund if you withdraw or if you fail the credit check or your references are unsatisfactory.
If the landlord is unwilling to proceed with the letting there will be a full refund unless the above applies.
ARLA
Wright Property Management is a member firm of the Association of Residential Letting Agents (ARLA), which is similar to ABTA in the travel business. Your deposit will be bonded.
This page is currently undergoing construction, but in the meantime, if you would like to contact us please do so on Tel: 01271 374062.
Please Note
We try to ensure that our property details are accurate and reliable, but they should not be relied upon as statements or representaions of fact and they do not constitute any part of an offer of contract. If a property is withdrawn at any time, Wright Property Management regret any inconvenince or financial loss that this may cause to prospective tenants, but cannot accept liabilty.
