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Frequently Asked Questions
What is a break clause?
A break clause is a part of a lease agreement that allows either the landlord or the tenant to end the lease early under specific conditions. A break clause is discussed and confirmed at the offer stage, so that the tenancy agreement reflects this term. This is tailored to your contract so your GLP agent can explain your specific break clause, so you fully understand before signing.
What bills are included in the rent?
Typically, whether utilities are included in the rent depends on the terms of the lease agreement. Some landlords include basic utilities like water in the rent, while tenants usually pay for electricity, gas, and internet. It’s important to check your lease to see exactly what’s included and what isn’t.
How do you work out a monthly rent based on a weekly price?
To calculate your monthly rent based on a weekly price simply multiple the weekly rent by 52 (weeks in a year) and then divide this by 12 (months in a year). This will give you a monthly rental price.
What happens if I want to leave before the end of the tenancy?
If you want to leave before the end of your tenancy, you should check if your lease agreement includes a break clause that allows for early termination. If it does, you’ll need to follow the specific conditions and notice period outlined in that clause. If there’s no break clause, you might still be able to negotiate an exit with your landlord, potentially involving some form of penalty or finding a
replacement tenant.
What is the normal deposit on a rental property and when is it returned?
A damage deposit is the equivalent of 5 weeks rent, except when your annual rent exceeds £50,000 per annum. At the end of a tenancy an inventory report is carried out to ensure that there are no damages on the property. If no damages or arrears, then your deposit is usually returned to you within 14 days of the tenancy end date. If there are any disputes or deductions, you will be notified within this time frame. If you require further information on the terms of the deposit, please refer to the guidelines for the Deposit Protection Scheme which will be provided to you at the tenancy agreement signing stage.
When will I get my keys?
You will receive your keys on the start date of your tenancy; however, this is subject to all the move in funds being cleared into our account, referencing complete, right to rent checks verified and the tenancy agreement being signed by all parties.
What documents will I need to provide for referencing?
At Greater London Properties we have an internal referencing team who will advise you every step of the way. Depending on your personal circumstance – for instance if you are a professional, a student, retiree – different documents may be requested – you can find more video content on this HERE. However, in general, the below documents will be requested once you have had an offer
accepted.
- Passport and Visa/BRP/Share Code
- Proof of address
- Your most recent 3 months’ everyday bank statements
- Your most recent 3 months’ payslips
- Landlord Reference
- Employment Reference
- If you are a student, we require a proof of studies.
- If you are paying rent in advance, we require proof of savings.
I am a student looking to move in September. When is the best time to start searching for a property?
Properties which are on the market are usually available immediately up to 2 months in advance. A landlord will not keep a property empty for several months whilst they wait for a later move date. So we suggest to look for a property 2 months in advance of your desired move date.
For example, if you are looking in September, you need to start searching at the end of June/Beginning of July at the earliest.