What is a guarantor? You will all need a
guarantor; this is normally a
parent or guardian who signs an agreement to say that they will pay your
rent if you are unable to.
What happens to my
deposit/retainer?
When you sign your
contact you will pay a retainer which secures the property; this becomes
the
deposit when your contract starts and your landlord has to protect it
with a government approved scheme within 14 days. This system is
designed to make getting your deposit back much easier.
How much do bills
cost?
This depends on the
size of house and it’s energy efficiency. We suggest budgeting between
£10-15
per person each week, see
www.purplefrogproperty.com/utilities
for more details.
What is a joint and
several contract?
Most tenancy
agreements are joint and several which means that you sign the contract
as a group and share all of the responsibilities. This means that if one
of you does not pay the rent then the others may have to.
How does weekly
rent convert into monthly?
There aren’t
exactly 4 weeks in a month so you have to multiply your weekly rent by
52 and divide by 12 to get a monthly figure. This will be done on your
contract for you.
What’s an Energy
Performance Certificate (EPC)?
An EPC shows how
energy efficient a house is and can help you work out how much your
utilities will cost. We put them on our website for you to look at but
if you can’t find one let us know.
What’s a HMO Licence
Every rental
property which has 5 or more bedrooms and is on 3 or more floors has to
be licensed by the local council to make sure it has certain safety
features. If a property you like falls into this category ask the
landlord to show you the HMO Licence.
Got other questions? Feel free to contact us and we'll be happy to
have a chat.