1. All information is strictly confidential.
2. By completing and signing this application form, you accept that referencing & credit referencing checks will be carried out by a representative of Knights Estates/G. Knights & Son (Lowestoft) Ltd.
3. A HOLDING DEPOSIT equivalent to 1 week rent is required to reserve the property in your name. This will reserve the property for all applicants. The property will be advertised as ‘Under Offer/Let Agreed’ and no further viewings or applications will be accepted/carried out until the result of the application has been confirmed. Submitting this application with the HOLDING DEPOSIT will hold the property for 14 days until the ‘deadline for agreement.’
4. DEADLINE FOR AGREEMENT
This is a period of no more than 14 days after the date of application (date shown next to your signature on this form). All referencing, credit checks, right to rent, security/identity checks and any other paperwork pertaining to your application will need to have been satisfactorily completed prior to the ‘deadline for agreement.’ The ‘deadline for agreement’ can be extended for a period of time between Agent & Applicant subject to both parties agreeing to do so in writing. This is at Agent’s discretion.
5. IMPORTANT INFORMATION REGARDING YOUR APPLICATION/s
We carry out a comprehensive referencing process which will include some or all the following at the Agent’s discretion:
6. CREDIT CHECKS, CCJ’s & BANKRUPTCY
As part of the referencing process Knights Estates/G. Knights & Son (Lowestoft) Ltd will conduct a credit check which will investigate your credit history, bankruptcies and County Court Judgements. It is very important that you answer all the questions regarding your credit history truthfully on this application form. Failure to do so will result in the holding deposit becoming non-refundable.
PLEASE PROVIDE YOUR CREDIT RATING AS ADDITIONAL PROOF IF POSSIBLE
If you fail to disclose and we later find out any of the following your holding deposit will not be refunded:
- Current or previous bankruptcy in the last 5 years
- Current or previous CCJ’s in the last 5 years. If satisfied, a certificate of Satisfaction will be required
- IVA within the last 3 years
- No credit score (this will be at the discretion of the Agent and/or Landlord)
Failure to disclose information regarding any of the above will result in the Holding deposit becoming non-refundable.
7. LANDLORD REFERENCING
We will be contacting your current/previous Landlord you have listed on this form. If we receive a reference which is deemed unsatisfactory some or all your Holding deposit will become non-refundable. The following examples may be deemed unsatisfactory or left to the Landlords discretion:
You have had/or have rental arrears/missed payments at your existing or previous rental property
There has been damage above fair wear and tear at your existing or previous rental property
There has been noise disturbance at your existing or previous rental property
There has been illegal or immoral use/behaviour at your existing or previous rental property
8. EMPLOYMENT REFERENCING / INCOME
For any applicant in employment, a contract of employment, appointment letter or wage slips will need to be provided confirming your current employer and salary.
INCOME/ SALARY/STATUS
One applicant’s gross salary or joint salary between both applicants is at least 2.5 times the annual rent.
Employment should be permanent.
You must disclose if you work for an Agency, non-permanent contract or still within a probationary period of a contract.
*Failure to do may result in the Holding Deposit becoming non-refundable. The application may still proceed, but this is at Landlord and/or Agent discretion.
*We do accept family tax credits as a form of income, if you can present a valid award form to us.
*All referencing needs to have been satisfactorily completed on or before the ‘deadline for agreement’ has expired.
9. Should you make an application to rent a property through our agency and then subsequently withdraw your application, your Holding deposit becomes non-refundable.
10. Knights Estates/G. Knights & Son (Lowestoft) Ltd accept all major debit and credit cards (either at the office or over the telephone) and cash but we are not able to process personal cheques.
11. VERY IMPORTANT. Please provide proof of ID and current address. A utility bill, Passport, driving license on the day of application. We also require 3 months bank statements and/or 3 months wage slips. The property will not be reserved until these documents and the holding deposit is received.
12. By applying for the property, you have accepted the property in its current state. Unless otherwise agreed, there will be no decorative/maintenance works carried out at the property unless otherwise agreed or deemed a Landlord obligation. This is at the discretion of the Landlord.
13. HOLDING DEPOSIT & OTHER IMPORTANT INFORMATION
The holding deposit for any property will be 1 week’s rental (sum= Monthly rent multiplied by 12 = Annual rental divided by 52) Payment will be required along with all forms of ID, proof of address, completed application forms.
Your holding deposit may be withheld
- if you have provided false or misleading information which contravenes the terms set above
- if we are unable to collect the relevant references or credit information despite requesting the information numerous times
- you have not co-operated with our agency within the ‘deadline for agreement’ period
- you fail to take all reasonable steps to enter into a tenancy agreement within the ‘deadline for agreement’ period despite Knights Estates/G. Knights & Son (Lowestoft) Ltd taking all reasonable steps to do it.
We will write to you within 7 days of not deciding to let you into a Tenancy Agreement or within 7 days of expiry of the ‘deadline for agreement’ stating why we have withheld all or some of your holding deposit.
By paying a holding deposit you are creating a binding conditional contract between the Landlord and yourself, by paying this deposit you are agreeing to provide honest representations as to your income, tenancy history and references, and to enter into the tenancy under the terms agreed with the Landlord/Agent. If you withdraw from the agreement, you will not be entitled to have your holding deposit refunded and could be liable for other contractual remedies. If you choose to put down more than one holding deposit, you should expect to lose this money on tenancies that do not progress.
By signing this application, you are consenting to the Agent putting the holding deposit (subject to your application being accepted) directly towards your rent and deposit. Please advise if you do not wish for this to happen, the holding deposit will then be returned in full.
14. GUARANTORS
We require a Guarantor on all tenancies/applications. We may consider your application without a Guarantor if one cannot be provided but this is at the discretion of the Landlord/Agent. Should your application not be accepted without a Guarantor you will not be required to pay any Holding Deposit, we will inform you of this when you present your application to us.
The Guarantor must be a UK resident and own their own home. The Guarantor must have a credit score of 7 or higher on our CreditSafe.com credit check result.
Failure to provide a Guarantor with a worthy credit score as above will result in you’re Holding Deposit becoming un-refundable.