Important Documents to Prepare Before Signing a Tenancy Agreement

After a long search for a worthy and comfortable rated home for rent, you are now finally ready to move in. The first thing you will have to do is sign a tenancy agreement with your landlord, and in this case, you need to prepare a couple of documents to complete the rental application.

Make sure to have the following documents to avoid any hassle and delays in your occupancy of the property:

1. Proof of Employment

Landlords demand their potential tenants to show some proof of employment. This can be in the form of pay stubs, an employment contract, or an offer letter you got from your employer. If you are a contractor, for instance, your contract is what you can use, and you may be asked by your landlord to present bank statements from your business accounts.

2. References of Previous Landlords

Most landlords will ask you to provide them with at least three names of your previous landlords to serve as references. If you are a student and this is your first time to rent an apartment or a flat, you may use your parents are your references. Make sure that you give your landlord the right contact information of your references.

3. Recent Tax Return

It is typical for landlords also to require a copy of a tenant’s recent tax return. Through this document, they will have an idea about how much the tenant has earned over the past year. You can also use your tax return as a replacement for your employment records. Landlords use this document as a basis to judge whether you will be able to afford your rent or property rating.

4. Bank Details

Again, this document is often necessary to prove that you have enough money to pay for your rent. When you are asked to provide your bank statement or information, make sure that you don’t reveal to your landlord your bank account number. This will protect you from any form of fraud that may happen when someone else gets access to your accounts.

5. Current/Previous Tenancy Agreement

If you are transferring from another rental property, it is possible that you will be asked by your potential landlord for a copy of your tenancy agreement with the other landlord. They check this document to know how much you can afford to pay rent.

Before you move into a new apartment, it’s important that you set everything right first. This means that you should read and understand your tenancy agreement before you sign it. Make sure also that everything is clear between you and your potential landlord.

If you haven’t found the right home that will suit your budget and your lifestyle, go to ratedrents.com. There you will find the current home ratings in hundreds of available properties for rent in the UK.