Properties are let either unfurnished, part furnished, or furnished.
It is the applicant’s responsibility to satisfy themselves in this
respect and also with the condition of fixtures, fittings and general
condition of the property prior to committing themselves.
Properties will be let on a 6 month Assured Shorthold Tenancy unless
agreed otherwise.
Rent is payable monthly in advance and must be paid by bank standing
order. Rent is exclusive of other outgoings.
A dilapidations deposit equivalent to one month’s rent plus £250
is payable at the start of your tenancy (unless advised otherwise).
The dilapidations deposit will be held by Coles & Co as stakeholder
except in instances where we do not manage the property, in which
case the deposit will be held by the Landlord.
Note: Payment of the first month’s rent and the balance of
the dilapidations deposit must be paid either in cash, by bank draft
or credit/debit card (Note: There is a 2% surcharge on all credit/debit
card transactions).
Coles & Co:
-
Do not accept the local authority deposit guarantee or finders
fee schemes
-
Do not let to groups of individuals (three or more)
-
Do not let to persons under the age of 21
-
Do not accept pets or smoking in properties unless the specific
agreement of the Landlord has been obtained.
Applicants and Guarantors must complete the appropriate application
form in full. Applicants in receipt of Housing Benefit or whose income
does not meet the following criteria must have a suitable Guarantor.
Rent |
Applicant Income |
Guarantor Income |
£500 |
£15,000 |
£18,000 |
£550 |
£16,500 |
£19,800 |
£600 |
£18,000 |
£21,600 |
£650 |
£19,500 |
£23,400 |
£700 |
£21,000 |
£25,200 |
To reserve a property, there is an administration fee of £176.26
(£150 plus vat) plus £250 (this will be part of your
dilapidations deposit). The administration fee is non refundable
and the £250 will only be refunded if your application is declined
for reason other than adverse references.
There is an administration charge for tenancy renewal/extensions
of £58.75 for a 6 month contract, £70.50 for a 12 month
contract and £88.13 for a statutory periodic extension.
Note: All payments by Visa & Mastercard are subject to a 2%
surcharge.
Applicants are required to complete an application form and provide
supporting documentation, last three months’ payslips, last
three months’ bank statements and identification in the form
of a driving licence or passport. Written references will be required
from your current landlord or mortgage lender, current employer and
a bank reference. In some cases, references may be required from
previous employers and previous landlords.
Self employed applicants must have completed at least one year of
trading and either an accountants reference will be required or Inland
Revenue self assessment calculations. In some cases a Guarantor may
be required who must be able and willing to provide both documentation
and references as previously mentioned.
Some Landlords will consider prospective tenants who are in receipt
or will be eligible for Housing Benefit assistance providing they
have an acceptable Guarantor. Prospective tenants should ensure that
the Landlord will accept tenants in receipt of Housing Benefit before
viewing a property and will be required to submit a rent pre-determination
to the local authority at the same time they submit their application
to us.
The dilapidations deposit is refundable at the end of your tenancy
subject to the property being returned in a satisfactory condition.
All tenancies are exclusive of all outgoings including council tax,
water rates, electric power and gas, unless otherwise stated.
Coles & Company
Property Management Department
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