Page 20 - A&P Guide to Lettings

The offer processIt is always an exciting and nerve wracking moment when you receive an offer on your property. Arnold & Phillips will make sure you ace this critical point and handle the stage carefully while adhering to industry codes of practise. Agreeing the tenancyYour experienced Arnold & Phillips agent will be ready to confdently negotiate with prospective tenants for you. Our agents have got your back and will work tirelessly to protect your interests while obtaining the best terms for the tenancy in a calm manner. We will always provide help during negotiations, keeping an open line of communication to support you.Accepting an offerThe let will be agreed in principle when you accept an offer and you will get an agreed offer letter. This is the confrmation in writing to you and your tenant agreeing the terms of the tenancy, including any special terms that you might have agreed upon as well as the start date of the tenancy. Although it is not legally binding, you should check through this carefully as it will form the basis of the Tenancy Agreement.DepositOnce both parties have signed the Tenancy Agreement, the tenant will need to pay an administration deposit, which is usually equal to one or two weeks rent. For short let tenancies, the rent as well as the deposit will be paid upfront.ReferencingOur preferred supplier will carry out the referencing process for all long term tenancies. As the rent is taken in full before short term lets commence, we may take manual references or carry out basic referencing. You will receive a report on each individual tenant for you approval. Close communicationand teamwork will bekey for a successfuloutcome.