Tenant Guide
your personal landlord

To secure a tenancy with Nicholas Prestige Homes [NPH], please carry out the following:

Complete the FCC Paragon Tenant Application form which we provide (whether you are employed or not) and pay us the tenancy arrangement and referencing charge as detailed below.

Once we receive satisfactory references (which usually takes around two working days) we will provide you with a tenancy agreement and request the first month's rent to be paid to us in readiness for the tenancy commencing.

If we do not receive satisfactory references you will need to provide a UK home owning Guarantor, who will need to complete a Guarantor reference form which we will provide.

At least one day prior to the start of the tenancy, the security deposit needs to be paid to us and cleared, otherwise we cannot give you access to the property.

Arrangement/Referencing charge

A tenancy arrangement charge and referencing charge of £170 is payable to set up the tenancy. The property will remain available to other prospective tenants until this sum is paid and satisfactory references received.

If we withdraw from your tenancy application, this charge will be refunded, except where satisfactory references have not been received within a reasonable time to meet the agreed tenancy start date and that is the sole reason for our withdrawal from the tenancy application. If you do not proceed with the tenancy or if satisfactory references are not received within a reasonable time to meet the agreed tenancy start date, this charge will not be refunded.

Referencing

References will be required for all persons over the age of eighteen who will be living in the property. These references maybe taken up by a Consumer Credit Reference agency on our behalf [FCC Paragon Limited]. If any person is self-employed then a reference from an accountant may be required. Your accountant or current letting agent may make an administration charge to you to provide a reference to us and if so, any such charge is not NPH liability. Should any reference not be satisfactory, we may require a Guarantor or we may not be able to offer a tenancy. A Guarantor administration and referencing charge of £75 will apply.

Security Deposit

Prior to moving into the property, tenants are required to pay one month's rent and a deposit which is calculated as one month's rent. The security deposit cannot be used in lieu of rent at any time.

Prior to the start of a tenancy all monies due from the tenant must be paid in full by way of cleared funds at least one working day before the start of the tenancy. We do not accept card payments.

Tenancy revisions and tenancy renewal

If the tenancy is extended or renewed, an administration charge of £75 inclusive will be made to you. Where a new tenancy agreement is required such as adding a second tenant, an administration and referencing charge of £225 inclusive will be made to you.

Schedule of Condition

At the beginning of the tenancy an Inventory Clerk will photograph the room and prepare a detailed schedule of condition and inventory of it and you will be provided with this document. You will have seven days to amend the document if you disagree with any of its contents. On termination of the tenancy, an Inventory Clerk will carry out a vacation inspection and written report against the ingoing schedule of Condition and Inventory. An inspection and vacation charge of £75 inclusive will be made to you at the end of the tenancy when you have moved out.

Late rent payment

After the first month, rent is to be paid by standing order. An administration charge of £30 will be levied against payments where your bank does not provide us with any identifiable reference against the payment and so it is necessary for us to investigate which tenant/property it relates to. Where rent is paid late a charge of £30 will be levied to cover administration each time for chasing for payment. We do not accept rent payment by cheque. Any unpaid levied charges are payable from the deposit on termination of the tenancy.

Tenant reference

At the end of the tenancy, if NPH is required by the Tenant to provide a written reference for the Tenant, our charge to you is £30.

Tenant Guide | Aug 2020