Tenants
Information
MPM is a web based company you will find our current properties on this site are up to date and their
status is changed regularly. You can either email or phone us and we can normally arrange a viewing that same day. We are
able to arrange viewings 7 days a week subject to the property being vacant. We will take down your details and try and
match up the properties we currently have and keep a record so as to match any future properties that may become
available.
Please find below a list of frequently asked questions from other prospective tenants. Please click on
each question to reveal the answer.
What sort of properties can I
rent?
We have a diverse selection of houses and
flats in towns, villages and rural locations. These vary from studio flats to large 6 bedroom country house.
What is the difference between a Fully Managed property and a Tenant Find
property?
Fully Managed means that MPM will be
looking after you and the property throughout your tenancy. Tenants report any repair or tenancy queries to us and will act
on behalf of their client, the Landlord. Most of our properties are fully managed and our clients nearly always want a fully
managed service.
Tenant means that MPM finds tenants for the property and arranges the initial paperwork,
then the Landlord takes over the management and the tenant contacts the Landlord direct. Fewer Landlords want this
responsibility or involvement.
It's always a good idea to check with an agent as to who will be looking
after your tenancy and who will be holding your deposit.
What can I expect in a fully furnished or an unfurnished property?
Properties do come with different levels of furnishings. In an unfurnished
property you will normally find carpets, curtains and white goods only. Fully furnished properties includes sitting room
furniture, dining table and chairs, beds, etc, and, in some cases will extend to crockery and cutlery and other household
equipment. An inventory will be usually taken and this will list all the contents that belong to that property.
What kind of commitment am I entering into?
A Tenancy Agreement is a legal and binding document. You will be
committed to paying rent until the end of the term. Please do not enter into a contract if you think you might wish to break
it, as this could result in costly legal action. If your circumstances change then it is a good idea to let us know as soon
as possible and we can advise you further.
What do I pay you
as an Agent?
As of the 1st June 2019 no fees are legally chargeable to prospective tenants:
Do I need insurance?
No. But it is recommended that you take out Tenants contents insurance as the landlord's insurance
covers the actual property/goods, but not tenant's possessions. Please ask for further details should require any
cover.
Can I have a pet?
Unfortunately, many Landlords are not keen on pets in their properties. Some,
however, will give permission. Should a property allow pets then the tenant will be responsible for the proper care and
control of said animal and for the reasonable costs or rectification of any damage or de-infestation etc., caused and for any
cleaning, fumigation etc., required.
Who do you contact for
references?
It is in everyone's interests to
ensure that you can comfortably afford the rent on your chosen property. We use a separate credit referencing company called
MARAS and you will need to fill out an application form. The checks are much as you'd expect, eg verification of employment,
past addresses and so on. Sometimes a guarantor may be required.
When might I need a Guarantor?
If your financial reference is weak for any reason, we could ask for a guarantor to support your
tenancy. This is a serious commitment, as the guarantor will be as responsible as the tenant for all monies due and
obligations agreed for the tenancy. Guarantors need to have strong financial references to show that they will not suffer
hardship should they be called upon to pay on your behalf.
How
much is the deposit and how secure is it?
This is a sum equal to one and a half month's rent. So a rent of £500pcm will require a deposit of £750. The
deposit is held as 'stakeholder' and is returnable provided the property is vacated at the end of the tenancy in a clean
condition and free of damage or loss. The Since 6 April 2007, all deposits (for rent up to £25,000 per annum) taken by
landlords and agents for assured shorthold tenancies
(AST) in England and Wales have had to be protected by an authorised tenancy deposit scheme. With our Full
Managed & Rent Collection services we will hold the deposit and register it with The Dispute Service which is an insured
Tenancy Deposit Scheme we will then provide you with evidence that your deposit is secure within 14 days of your tenancy start
date. In some instances where the landlord has required us just to help find a tenant, they may wish to look after the
deposit themselves. If this should happen then they will have 14 days from the start of the tenancy to prove to you that your
deposit is either protected in an insured scheme or in a custodial scheme. Applicants have often told us that they now wish to
rent through an agent as they previously had problems over the deposit return, when renting directly from an unscrupulous
landlord.
What are Tenancy Deposit Schemes?
The schemes allow tenants to get all or part of their
deposit back when they are entitled to it and encourage tenants and landlords to make a clear agreement from the start on the
condition of the property.
The schemes:
- allow tenants to get all or part of
their deposit back when they are entitled to it
- make any disputes easier to resolve
- encourage tenants and landlords to make a clear agreement from the start on the condition of the property
There are two types of tenancy deposit protection scheme available for landlords and letting agents. All
schemes provide a free dispute resolution service.
- the tenant pays the deposit to the landlord
- the landlord retains the deposit and pays a premium to the insurer - the key difference to the custodial scheme
Within 14 days of receiving a deposit
The landlord or agent must give
the tenant the details about how their deposit is protected including:
- the contact details of
the tenancy deposit scheme selected
- the landlord or agent's contact details
- how to
apply for the release of the deposit
- information explaining the purpose of the deposit
- what to do if there is a dispute about the deposit
At the end of the
tenancy:
- if an agreement is reached about how the deposit should be divided, the
landlord or agent returns all or some of the deposit
- if there is a dispute, the landlord must hand over
the disputed amount to the scheme for safekeeping until the dispute is resolved
- if for any reason the
landlord fails to comply, the insurance arrangements will ensure the return of the deposit to the tenant if they are entitled
to it
- the tenant pays the deposit to the landlord or agent
- the landlord or agent then pays the
deposit into the scheme
Within 14 days of receiving a deposit
The landlord or agent must give the tenant the details about how their deposit is protected including:
- the contact details of the tenancy deposit scheme selected
- the landlord or agent's contact
details
- how to apply for the release of the deposit
- information explaining the
purpose of the deposit
- what to do if there is a dispute about the deposit
At the end of the tenancy:
- if an agreement is reached about how the
deposit should be divided, the scheme will return the deposit, divided in the way agreed by both parties
- if there is a dispute, the scheme will hold the deposit until the dispute resolution service or courts decide what is
fair
The interest accrued by deposits in the scheme will be used to pay for the running of
the scheme and any surplus will be used to offer interest to the tenant, or landlord if the tenant isn't entitled to
it.
Professional Indemnity Insurance
As members of ARLA and as members of The Royal Institution of
Chartered Surveyors, MPM are covered by substantial Professional Indemnity insurance. If you wish to inspect the current
schedule please contact us.
How long will it take from choosing
a property to moving in?
This really depend on the property and the landlord. Most properties we market are already vacant so the earliest you
could move in would probably be a week but try to allow 14 days for the process. This allows time for carrying out references
and the preparation of the property. However, it may be that the previous tenant has yet to move out, in which case more time
may be required. We will keep you informed all along the way.
How do I pay my rent?
Rent is
paid monthly by standing order from your bank. This is set up to be withdrawn from your account 3 days before your rent day so
that it arrives on the due date. This is a worry-free way of ensuring you never fall behind in your rental payments. Be sure
to tell us if your circumstances change, such as your bank or loss of employment, as we can then help you to protect your
tenancy. The last thing we want is for you to fall into arrears.
How much money do I need to move into a property?
Before your tenancy begins we need to receive your first month's rent and
deposit in cleared funds, such as a bankers' draft or building society cheque. Personal cheques can only be used if they are
paid seven days in advance, in order to clear. You will be given details in writing before taking up the tenancy.
Who pays the council tax and other bills?
All utility accounts at the property will have been closed in the
Landlord's name. In all fully managed properties we will let the companies know that you are moving in and you will be
responsible for opening an account in your name. We will agree the meter readings with you at check in and at check out, so
that there is no confusion over liabilities.
Why should I choose
to rent through MPM?
Once we have found
you a property we believe that it shouldn't just stop there. We value good tenants and this is key to a good tenancy. If a
tenant is happy we know that they will look after a property.
We hope these may answer
most of your queries but if not then please call us on 01825 840070 or email us at info@milesproperty.co.uk