Tenants
Everything you need to know about renting through Abels Residential.
Tenant Guide
Securing a Property
To reserve a property, a Holding Deposit equivalent to one week's rent is required. The deposit is non-refundable unless your references pass, your Right to Rent check succeeds, and the Assured Shorthold Tenancy (AST) is signed within 15 calendar days.
The deposit will be retained if applicants:
- Provide false information
- Fail Right to Rent checks
- Miss deadlines
- Delay submissions
- Withdraw without cause
- Fail to take reasonable steps toward tenancy completion
Referencing Process
Reference checks are handled by FCC Paragon. The combined gross income of all tenants must be at least 30 times the monthly rent.
Self-employed applicants must provide tax returns or accountant references. Any County Court Judgement within the past 6 years will result in automatic application failure.
Guarantors must demonstrate income of at least 36 times the monthly rent. Valid photo ID and proof of address are required.
Deposits and Rent Payments
First month's rent can be paid by bank transfer, building society cheque, or cash. Subsequent payments are made monthly via standing order.
Cheques require 7 banking days to clear. Late payments incur 3% above the Bank of England base rate, applicable after 14 days in arrears.
Tenancy deposits are refundable at the end of the tenancy and are managed through the Tenancy Deposit Scheme (TDS).
Moving In Process
You will receive the AST for e-signature. After both parties have signed, transfer the outstanding funds in full.
All tenants must present their passport and visa in person at our branch when collecting keys.
Insurance
The landlord provides building insurance. Tenants are responsible for arranging their own contents insurance.
Fees & Charges
Company Let Fees
| Service | Cost |
|---|---|
| Tenancy Set-Up Fee | £500.00 |
| Tenancy Renewal Fee | £250.00 |
| End of Tenancy Check-Out | £220.00 |
Other Charges (applies to all tenancies)
| Service | Cost |
|---|---|
| Unpaid Rent | Interest at 3% above the base rate (after 14 days overdue) |
| Lost Keys / Security Devices | Cost of replacement plus admin fee of £25/hour if additional time is required |
| Contract Variation (Tenant Request) | £50 per variation plus any reasonable costs incurred |
| Change of Sharer | £50 per replacement tenant plus any reasonable costs incurred |
| Early Termination | Rent until a new tenancy starts plus re-letting costs (capped at remaining rent) |
Register For Alerts
Register your property requirements with us and we'll contact you as soon as a suitable property becomes available.
Register NowReport A Repair
To report a repair or maintenance issue, please contact us by phone or email and we will arrange for the matter to be addressed promptly.
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