At Purple Link Properties we have varying types of property available to prospective Tenants in employment or self employed, students, companies and pensioners. We constantly carry out market appraisals on properties in and around the Coventry and Warwickshire area, and while we update properties on this Website as soon as possible, it is recommended that you contact the office frequently.
The procedure for the letting of our property is as follows:
- View property
- Complete application form
- Reference and Credit Checks – On successful completion of referencing (usually within 48 hours) Purple Link Properties contacts prospective Tenant to arrange convenient time to sign Tenancy Agreement and hand over the property.
- Tenancy Agreement – Tenant signs the Tenancy Agreement and pays rental in advance, plus rent held as a bond which is refundable at the termination of the Tenancy Agreement subject to a satisfactory exit inspection of the property. Deposits are capped at 5 weeks.
Tenant Permitted Payments Include:
- Rent pcm
- Tenancy Deposit (5 weeks deposit)
- Holding Deposit (1 weeks rent) non-refundable should the tenant change their mind, fail checks or falsify information
- Payments on amending a contract at tenants request £50:00
- Payment on termination (surrender) of a tenancy this will include landlords re letting costs and marketing costs.
- Payments of Council Tax & utilities (electricity, gas or other fuel, water or sewage)
- Payments for a television license
- Communication services (telephone other than a mobile telephone; the internet; cable television, satellite television)
Payments in the event of a default
- Loss of keys or other security device giving access to the property
- Unpaid Rent – If a tenant falls 14 days into arrears than interest at 3% above the bank of England base rate from rent due date until paid in order to pursue non- payment of rent.
Holding Deposit
One week’s holding deposit to reserve a property whilst reference checks and preparation for a tenancy agreement are undertaken.
Holding deposit will be refunded if the landlord decides not to enter into a tenancy.
The holding deposit can be held if:
- The tenant fails a Right to Rent check regardless of when the deposit was accepted.
- The tenant provides false or misleading information.
- The tenant decides not to enter into a tenancy agreement.
- The tenant fails to take all reasonable steps to enter into a tenancy agreement.
