Looking to rent a property
You want to find your next home?
All our managed properties have a Personal Property Manager assigned to them. This will be your direct contact who will deal with every aspect of your rental will us.
Sorry but we do not accept DSS clients and you will need to have a clean credit score to rent one of our properties.
Email your details to us, including where, when, number of bedrooms and your budget and we will add you to our mailing list.
Our Tenants Guide to Renting a property with Paramount
Application to rent a property
Once you have found a property that you would like to proceed with, you will be required to complete an online application form. All adults who will be living in the property are required to complete an application. It is important to complete applications accurately. Any CCJ’s must be disclosed before you start the application. We are required to perform an ID check. For this we require sight of one photographic ID such as a Passport or Driving Licence and one ID to confirm your address, such as a recent utility bill or council tax bill (issued within the last 3 months).
Processing your Application
We will discuss your application with the landlord. It is the landlord’s decision whether they wish us to proceed with your application. In most cases we will advise you of the landlord’s decision within 2 working days. The progression of the application will depend on the level of your income. Applications are considered if you are in full or part-time employment, in receipt of working or child tax credits or in receipt of a pension. DSS applications are only accepted by some landlords. Once we have the landlords agreement we will take up references. At this stage to allow us to consider your application a payment is required of £210 (incl VAT) for one applicant. £300 if a joint application or £150 per applicant is more than two. Payment may be by cash or bank transfer. Should the landlord decide not to procced with your application we will not take payment from you. If however you do not disclose details which would have an adverse effect on the referencing and as a result the landlord declines your application the payment of this fee paid per applicant would not be due for reimbursement.
If a Guarantor is needed at the start of the application we charge a fee of £75 (incl VAT). If during the process of referencing an issue arises that requires a guarantor, we will charge £150 (incl VAT) to reference the guarantor. It is therefore vital that you discuss any possible issues with us prior to us commencing referencing checks.
Most properties will require an Inventory fee of £80 (inc VAT). You will be made aware of this prior to us starting any application.
We take up references for every prospective tenant. Up to three references are taken: A credit reference; Employer reference: if appropriate, a previous landlord reference. These are usually obtained within a week although previous landlord references can take longer. As soon as the reference is available we will discuss this with the landlord and confirm the decision to you.
Payment required prior to moving into the property
Before taking occupation of the property you will be required to make a payment of:
- One months rent, plus
- A deposit of one months rent + £100 (unless otherwise stated)
Payment must be made by bank transfer at least two working days before the move in date.
The Tenancy Deposit
We are required by law to hold the deposit you have paid in an approved scheme. Paramount Derby lettings use the Deposit Protection Service (The DPS). With the DPS the deposit is secure and it will be returned to you within 10 working days of the move-out inspection provided the property is left in the same condition as at the move-in date (subject to normal wear & tear). When a deposit is safely protected the DPS will issue tenants and landlords with their own unique deposit Repayment ID number. This must be safeguarded in order to complete the deposit repayment process at the end of the tenancy.
Your Tenancy Agreement and the Sign-Up appointment
Before taking occupation we require you to attend an appointment to sign the Tenancy Agreement. If you have not already provided ID you will need to provide this at this time. All prospective tenants must sign the Agreement. Please bring your bank details to help us set up the standing order for payment of your rent. At the appointment we will explain the details of your Agreeement to you and outline your obligations as a tenant. You will be provided with a copy of the Agreeement at the move in appointment. The Agreement must be signed at least two working days before the move-in-date.
The Move-in Appointment
At the move-in we will review the property with you and ask you to sign our Inventory & Statement of Condition. It is important that you take care in agreeing the documents as they will form the basis of any dilapidations claim by the landlord. Please note that it is not possible to move any of your personal belongings into the property until the move-in appointment has been concluded.
Abortive Visit Charge: £36 :Payable if an appointment is agreed and the tenant is not present at the agreed time and date
Check out Fee: £36 :Attending the Property to undertake a detailed Final Inspection based upon the original Property Inventory. Liaising with all parties to negotiate the repayment of the Security Deposit
Landlord Referencing fee: £24 :Collating information and preparing a Reference for a future Landlord or Letting Agent
Late payment of Rent: £24 :Administration costs in advising the Tenant in writing regarding Overdue Rental Payments
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