Residential Lettings Brighton: Information for Tenants

Please find below some useful information if you are considering renting a property through Parsons Son & Basley Brighton.

If you have any queries please do not hesitate to contact us. We look forward to hearing from you.

What is the Process

In order to reserve a Property you will be required to pay a holding deposit of one week’s rent (per prospective Tenancy).

This will be withheld if any relevant person (including any Guarantor(s)) withdraw from the Tenancy, fail a Right-to-Rent check, provide materially significant or false or misleading information, or fail to sign their Tenancy Agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). If your application to rent the property is successful then this amount will be used towards the first rent payment.

Once you have reserved a property, our referencing company will e-mail you with a request to complete an on-line application form (paper forms are available if you prefer). These must be completed in full and submitted within 48 hours of reserving the property.

 

We require the following documents along with your application:

  • Proof of ID.
  • Proof of current residence dated within the last 3 months.
  • Current and valid Visa and work permit where applicable (outside the EU).

A guarantor will be required to guarantee your rent and performance of your tenancy obligations if:

  • You are self-employed and do not have a chartered/certified Accountant that has been acting for you and is able to give you a reference, and/or you are unable to supply a recent tax return for the last financial year.
  • You are within a probation period with your current Employer, on a temporary contract, 0 hour contract, fixed term contract which will end before the proposed Tenancy end date.
  • You are a student.
  • Your income is less than the required amount for a given rent or share of given rent (calculated as 2.5 x the annual rent). If you are not sure, please speak to us regarding the income levels required to pass referencing.

 

If a Guarantor is required, they must live and work in the UK AND earn/have access to immediate funds equal to 3 x the annual rent. A referencing web link will be e-mailed to them for completion within 48 hours of receiving the Holding Deposit. A Guarantor Deed (a legally binding addendum to your Tenancy Agreement) will also need to be signed before the commencement of the Tenancy.

The Guarantor will also be requested to provide:

  • Proof of ID.
  • Proof of current residence dated within the last 3 months.
  • Current and valid Visa and work permit where applicable.
  • If your guarantor is unable to attend our office a UK registered solicitor or chartered accountant can stamp and sign a copy of the above documents to verify them, and then post the originals of these verified documents to us.

First month’s rent            One calendar month

Security Deposit               Five weeks’ rent (per Tenancy. Rent under £50,000 per year) / Six weeks’ rent (per Tenancy. Rent of £50,000 or over per year).

*Less the Holding Deposit paid initially

 

We can only accept the final balance payment in cleared funds i.e. an instant bank transfer/ cash payment directly in to our bank account or a debit card payment. We regret to advise that we cannot accept credit card payments or cash.

Tenant Information

Acceptance of application forms does not grant the tenancy, all transactions and communications are Subject to Contract until the Tenancy Agreement is signed.

Please feel free to ask to see a copy of the Energy Performance Certificate for any of the properties that are offered for rental.

As a general guide, take the monthly rent you are aiming for and multiply by twelve months to get the annual rent. Multiply the annual rent by 2.5, the final figure is an approximate guide to the total salary required for the given rent. If there is more than one Tenant then the final figure is divisible by the number of Tenants, one can earn more than another so long as the final figure is met or surpassed.

As a general guide a guarantor must be in receipt of a gross income/savings of approximately at least 3 times the annual rental and must reside in the UK.

The tenancy deposit is the equivalent of 5 weeks’ rent and is payable in cleared funds on or before the move in date.

Rent is payable calendar monthly in advance on the rent due date, and the first month’s rent is payable in cleared funds on or before the move in date.

Each property has a level of service,  ‘Introduction Only’, ‘Rent Collection’ or ‘Full Management’. Please find below a brief explanation for each service:

Introduction Only – PS&B will carry out the usual reference enquiries, collect the initial monies from the tenants, carry out the inventory and arrange the signing of the Tenancy Agreement. Once these have been completed then the landlord will manage the tenancy and the tenant will liaise on all matters concerning the tenancy directly with the landlord.

Rent Collection – PS&B will carry out all of the above and in addition will collect the rent with the tenant still liaising with the Landlord on all other matters.

Full Management – PS&B will carry out all of the above and in addition will manage the tenancy throughout with the tenant reporting to PS&B on all matters concerning the tenancy.

At the end of the tenancy once the keys have been returned to us we will conduct a check out on all managed properties.

We will be checking the condition of the property against the original inventory provided at the start of the tenancy. The inventory is very detailed, includes colour photographs and you will have been asked to check it thoroughly, sign and return it to us. Within 10 working days of the end of the tenancy we will write to you with a report of the condition of the property, allowing for fair wear and tear, and advising of any works that we feel are required at the property along with the anticipated cost. You then have the opportunity to respond to our report and we then discuss how best to proceed. Your deposit will be registered with the Tenancy Deposit Scheme and can only be released with the agreement of both the Tenant and Landlord. You will be provided with the deposit certificate, prescribed information and leaflet ‘What is the Tenancy Deposit Scheme’ at the start of your tenancy which describes the process in detail.

Residential Lettings Brighton: Our Tenant Fees

PS&B are a member of Propertymark (and their Client Money Protection Scheme) and The Property Ombudsman.

The following information is provided to ensure you are fully informed of any fees and costs involved in renting a property through PS&B.

In order to reserve a Property you will be required to pay a holding deposit of one week’s rent (per prospective Tenancy).

This will be withheld if any relevant person (including any Guarantor(s)) withdraw from the Tenancy, fail a Right-to-Rent check, provide materially significant or false or misleading information, or fail to sign their Tenancy Agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). If your application to rent the property is successful then this amount will be used towards the first rent payment.

Unpaid Rent

Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid, in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

 

Lock key(s) or other Security Device(s):

Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the Tenant. If extra costs are incurred there will be a charge of £15 per hour (inc VAT) for the time taken replacing lost key(s) or other security device(s).

 

Variation of Contract (Tenant’s request): £50.00 (inc VAT) per agreed variation.

To cover the costs associated with taking Landlords instruction as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s request). Minimum £50.00 (inc VAT) per replacement Tenant. To cover the costs associated with taking Landlord’s instruction, new Tenant referencing and Right-to-Rent checks, deposit registration as well as preparation and execution of new legal documents.

Early Termination (Tenant’s request). Should the Tenant wish to leave their contract early, they shall be liable for the Landlord’s costs in re-letting the Property as well as all rent due under the Tenancy until the start date of the replacement Tenancy. These costs will be no more than the maximum amount of rent outstanding on the Tenancy.

Should the Tenant wish to leave their contract early, they shall be liable for the Landlord’s costs in re-letting as well as all rent due under the Tenancy until the start date of the replacement Tenancy. These costs will be no more than the maximum amount of rent outstanding on the Tenancy.

We hope that the above information is helpful but please do contact us if you would like to discuss anything in more detail or for us to provide you with more specific advice if you have a particular property in mind.

Get in touch

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"I have been using Parsons Son and Basley to manage the letting of my property in Brighton for 5 years and find the service to be so good and trustworthy that when I bought a second property to let, I chose the same area for no other reason than PS&B could manage it for me"
Ivan
Brighton
"My Wife Penny & I are pleased to confirm our satisfaction with the firms services in looking after our families portfolio of residential properties and in particular the efforts of the latest team in the letting & rents departments.”
Mr M de Silva, Landlord
Brighton
“That rent increase is wonderful. You have made my day! I am very impressed with you all, well done, good work!”
Steve L, Landlord
Brighton