Renting a property through South & Co really is a quick and straightforward process and we’ll do everything possible to find your perfect home and get you moved in.
Our application fees are among the cheapest in the area and, unlike other agents, there aren’t any additional fees to be incurred at a later date. We DON’T charge you for contract renewals, deposit protection, a landlord reference at the end of your contract, or your move-out inspection and we’ll tell you upfront how much it will cost and what documents you’ll need.
Have a look at the properties we have available and call us to arrange a viewing if there is anything you’re interested in. If you can’t find your ideal property, simply leave your details with us and we’ll contact you as soon as something comes available.
Read on to find out more about renting through South & Co:
To secure a property and take it off the market we will require payment of the application fee plus a £250 Holding Deposit. The application fee is £160 per applicant for the first two people and £80 for every other applicant. This fee is non-refundable.
Payment of the Holding Deposit and application fee secures the property for you and we stop viewings when this is received. The Holding Deposit goes towards your total deposit and it is not refundable if you subsequently decide to withdraw your application or if you fail to provide the necessary requested documentation. If your application fails or the landlord withdraws the property, this money will be refunded.
The Application Process
When you apply for a property you will need to complete our application form and provide the following documents:
• Sight of and a copy of current passport or national identity card
• Copy of previous three months’ bank statements
• Copy of previous three months’ pay slips
• Copy of a recent utility bill (last three months) in your name and showing your address
• If you own your own property we will require a copy of your most recent mortgage statement
We will obtain written references from your previous landlord and current or most recent employer, where applicable, and we will also carry out an external credit check.
Depending on how long it takes to get your references, the application process normally lasts a week and you will then have the peace of mind of knowing that the property is yours.
If you are in receipt of Housing Benefit you will need a guarantor in order to apply for a property (please note that not all landlords will accept Housing Benefit tenants). In certain other circumstances, for example if you are under 21 or if you have a low credit score, you will also be asked to provide a guarantor. A suitable guarantor will be over 25, in full time employment and have an income that will allow him/her to meet your rental commitments. The guarantor will need to complete a guarantor’s application form, pass a credit check and satisfy reference checks before signing a legally binding Deed of Guarantee. There is a charge of £100 for processing a guarantor.
Our standard deposit is equivalent to one month’s rent plus £100 so if your rent is £450 the deposit would be £550. There is an additional £100 deposit if you have a pet. After paying your £250 Holding Deposit when you apply for a property the remaining deposit will be due when you sign your contract. If we manage the property your deposit will be registered with The Dispute Service (TDS) and it will remain protected for the duration of your tenancy.
Signing the Contract
When your application has passed you will come into our office on the agreed move-in date to sign the contract, pay any remaining monies owed, and collect the keys. If it is a joint tenancy all tenants will have to sign the contract before the keys can be released.
If you move into a property managed by South & Co we will contact you two months before your contract is due to end to see if you’d like to stay. If you are staying there are two options: your contract can be renewed for another fixed term or it can change to a statutory periodic contract whereby you can stay for as long as you want and leave by giving a month’s notice. There is no charge for contract renewals.