21 Bamford Road
Heywood, Rochdale
Greater Manchester
OL10 4TA
Tel: 01706 620158 / 07918703667
Fax: 01706 627900
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WHAT YOU NEED TO DO
Please indicate your current employment status:
When you have found a property you will need to complete the necessary reference
forms and return to Choice Estates with the £100 administration charge. (The
£100 is non refundable once the paperwork is processed.)
If the tenancy is a joint tenancy then there is a charge of £150 to reference
check both tenants. (Again this charge is non refundable once paperwork is processed)
Once references are successful, a date can be arranged to move into the property.
On the start date of the tenancy the bond and one months rent must be paid upfront.
(Cash must be provided or keys cannot be released until cheques are cleared).
The tenancy will be for a minimum and maximum of 6 months, and Choice Estates
will carry out regular inspection checks on behalf of the landlord.
If you are in breach of your tenancy agreement Choice Estates are obliged to terminate
the contract with a statutory two month eviction notice.
Have you completed all the necessary benefit
application forms?
From April 2008 the Housing Benefit system
has changed. It is now called Local Housing Allowance and each area has a fixed
amount of benefit dependent upon the tenants personal circumstances.
Have you checked what your Local Housing Allowance entitlement is?
Tenants Requiring a Guarantor
A tenant will need to earn a gross income of at least 2.5 times the rental figure, or otherwise would have to provide a guarantor who must earn 3 times the rental figure, gross income.
Quick Reference ‘Rent to Income’ Chart
Monthly Rent (£)
Tenants Annual Income (£)
Guarantors Annual Income (£)
320
9,600
11,520
340
10,200
12,240
360
10,800
12,960
380
11,400
13,680
400
12,000
14,400
420
12,600
15,120
440
13,200
15,840
460
13,800
16,560
480
14400
17,280
500
15,000
21,600
520
15,600
18,720
540
16,200
19,440
560
16,800
20,160
580
17,400
20,880
600
18,000
21,600
All deposits taken are protected by the ‘mydeposit’
scheme.
IF YOU ARE UNSURE ABOUT ANY OF THE ABOVE INFORMATION, PLEASE DO NOT HESITATE TO CONTACT THE OFFICE.