Legal and financial

When it comes to renting a property, we make things simple. Below you’ll find an explanation for all the key terms that will make things that little bit easier: 

Terms agreed/offered

Terms agreed are the rent, start date, any break clauses and any pre-tenancy requests such as cleaning or extra furniture.

 

Referencing

We use an independent referencing agency to reference all prospective tenants. They look into rent to salary ratio, county court judgments, current employment and previous landlords.

 

Inventory

An inventory is a detailed list and description of the entire property, which details the contents, fixtures, fittings and the general condition of the property and contents.

 

Inventory check-in and check-out

An inventory check-in report which confirms the inventory and updates any changes to the inventory at the start and end of the tenancy.

 

Security deposit

An initial amount (usually six weeks rent) paid to the landlord to be held throughout the course of the tenancy. We register all our deposits with the Tenant Deposit Service.

 

Tenancy deposit scheme

It is a legal obligation on behalf of the landlord to register the tenant's deposit with a government backed scheme to protect the money. CBRE are members of the Tenancy Deposit Scheme (TDS) which is administered by The Dispute Service and will register the deposit for you, unless you instruct us otherwise.

 

Gas safety certificate

A certificate confirming that all gas appliances have been checked and are safely functioning. This must be renewed every 12 months.

 

Energy performance certificate

A certificate stating information about a property’s energy use, typical energy costs and recommendations about how to reduce energy use and save money.

 

Smoke and carbon monoxide alarms

It is a legal requirement that Landlords must fit a smoke alarm (on every floor if more than one level).  Landlords must also fit a Carbon Monoxide alarm in every room with a solid fuel burning appliance (which includes gas appliances).  These alarms must be tested and working at the start of each tenancy.