If you are about to become a tenant for the first time there are some questions you will want to have answered. These questions are outlined below with the answers. Keep in mind your situation might differ. Also these questions can help a landlord understand where a tenant might be coming from regarding certain tenancy requirements. If you are a landlord you might want to read over the information here as well.
What is a deposit on the application for?
Some landlords may ask you for a deposit when they accept your application. The deposit is a “goodwill gesture,” helping a tenant secure a place to live. A secondary question about application deposits is whether it is refundable. It will depend on how the deposit is recorded. There is an application fee that can be charged for running a background and to secure the tenant as a first choice. An application fee is generally not returned. If a larger deposit is accepted then it becomes part of a deposit scheme. If the tenant elects not to take the tenancy the landlord can keep the deposit. If they accept the tenancy the deposit should be returned at the end of the tenancy as long as no tenancy agreement has been breached by the tenant.
Do I have to put References on the Application?
Yes, references are required to help the landlord assess your risk. They want to make sure you will be able to make the rent payment each month. References help the landlord learn your previous rental history, income, and even do credit checks. Any landlord has the right to ensure they are not taking unnecessary risks. Landlords depend on the rent from their property to meet their own financial needs.
What does Fair Wear and Tear Mean?
Standard tenancy agreements state fair wear and tear of a property is acceptable, and a deposit will be returned. Basically, this means normal use will cause certain deterioration on a property. Cigarette burns, animal damage, stains, etc. are beyond normal use and subject to a refusal of partial or full deposit refund.
What is a deposit on the application for?
Some landlords may ask you for a deposit when they accept your application. The deposit is a “goodwill gesture,” helping a tenant secure a place to live. A secondary question about application deposits is whether it is refundable. It will depend on how the deposit is recorded. There is an application fee that can be charged for running a background and to secure the tenant as a first choice. An application fee is generally not returned. If a larger deposit is accepted then it becomes part of a deposit scheme. If the tenant elects not to take the tenancy the landlord can keep the deposit. If they accept the tenancy the deposit should be returned at the end of the tenancy as long as no tenancy agreement has been breached by the tenant.
Do I have to put References on the Application?
Yes, references are required to help the landlord assess your risk. They want to make sure you will be able to make the rent payment each month. References help the landlord learn your previous rental history, income, and even do credit checks. Any landlord has the right to ensure they are not taking unnecessary risks. Landlords depend on the rent from their property to meet their own financial needs.
What does Fair Wear and Tear Mean?
Standard tenancy agreements state fair wear and tear of a property is acceptable, and a deposit will be returned. Basically, this means normal use will cause certain deterioration on a property. Cigarette burns, animal damage, stains, etc. are beyond normal use and subject to a refusal of partial or full deposit refund.
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