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Piece of Advice Before You Sign the Tenancy Agreement

By Lindsay Thomson Subscribe to RSS | April 2nd 2012 | Views:

The article assumes that you have found the property to rent in Edinburgh and is concerned with highlighting the key areas that a tenant needs to be aware of in order to have continuity and smooth flow with the completion process.

Requirement of references

Whenever you are going through a procedure for the purpose of property to rent in Edinburgh, you will be required to provide character references along with the details of your previous address. The letting agent or the landlord of the new property in Edinburgh will need references from your previous landlords or letting agents in order to ensure if you are creditworthy, paid the rent on time and looked after the property or not. Hence it is important that whenever you rent any kind of Edinburgh flats to rent, you must always look after it as your own so that you don’t have problems with renting property in future.

Paying deposit

As a potential tenant of a particular property, you will be required to pay a holding deposit to the letting agent or the landlord. The purpose of this deposit is to secure the property and show that you are serious about moving in. Once you have provided the letting agent or the landlord of the property to rent in Edinburgh with the holding deposit, this will take the property off the market and hold the tenancy for you. Importantly, you must always ask for a receipt in return of the payment of this deposit (in case of dispute). Mostly this deposit is non-refundable.

After the payment of this amount, the landlord or letting agent will carry out certain checks on the references provided and will prepare the tenancy agreement. Once this process is completed without any problems, the holding deposit will then be taken as a security deposit.

Security deposit

When staying in Edinburgh flats to rent, this is used to cover costs for any damage that has been caused to the property or its contents during the term of the tenancy. This amount is usually equivalent to one month’s rent.

Paying in advance

You must pay the rent one month in advance and it must be done on the day you move in to the property. hence before you go ahead with the agreement you must ensure that you have funds available.

Lindsay Thomson - About Author:
Lindsay Thomson is a marketing officer for Greenlet, property lettings website in Edinburgh. If you want more information on property to rent in edinburgh, please visit edinburgh flats to rent.

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