Starting a Tenancy

Introduction

This article guides you through the process of starting a tenancy. By now, you should have already gone through the application process and have your tenancy in a preparing state. There are just a few final details to finalize before the tenant moves in.

Steps to Start a Tenancy

Verify All Information

Before proceeding, ensure all information is accurate:

- **Rent Amount:** Confirm that the rent amount listed is correct. Any discrepancies should be resolved before the tenancy begins.

- **Inspection Frequency:** Set the inspection frequency to ensure regular property checks. Common frequencies include monthly, quarterly, or bi-annually.

- **Tenancy Start Date:** Verify if the start date has changed. Ensure the date is accurate in the system to avoid any confusion or legal issues.

- **Fees:** Check if any fees, such as admin or service fees, have changed. Update these in the system to reflect the current charges.

Renter Information

Make sure all renter information is up to date:

- **Guarantor:** Depending on the tenant's references and credit checks, you may need to add a guarantor. Ensure their details are accurately recorded in the system.

- **Additional Occupants:** If there are additional occupants, such as family members or roommates, ensure their names and details are included in the tenancy agreement.

Security Deposit

Verify the details of the security deposit:

- **Location:** Confirm where the security deposit is being held. This could be a specific account or a third-party service. Ensure this information is clearly communicated to the tenant.

- **Amount:** Double-check that the amount of the security deposit is correct and matches what was agreed upon during the application process.

Additional Steps

 Document Preparation

- **Tenancy Agreement:** Ensure the tenancy agreement is complete and accurate. All terms and conditions should be clearly stated.

- **Inventory List:** Prepare an inventory list of the property's contents. This will be useful for both you and the tenant to avoid disputes at the end of the tenancy.

- **Welcome Pack:** Consider preparing a welcome pack for the new tenant. This could include useful information about the property, contact details for emergencies, and local amenities.

Final Checks

- **Property Inspection:** Conduct a final property inspection to ensure everything is in order and ready for the tenant to move in.

- **Keys:** Prepare and label keys for the new tenant. Ensure they are tested and functioning correctly.

- **Utilities:** Verify that all utilities are set up and in working order. Provide information to the tenant on how to manage these accounts.

By following these steps, you'll ensure that all necessary information is accurate and up to date, setting the stage for a smooth tenancy start. If you have any further questions, feel free to contact the support team.