Terms & conditions

Requirements

All applicants must present the following with application forms

Administration fee of £180.00 per person – cash/bankers draft/debit card accepted
A recent utility bill addressed to your current residence
Photographic ID 
Must meet the government's 'Right to Rent' criteria (please ask us for further details) 
Landlord reference from most recent address
Recent payslip (working applicants only)
All tenants must have the facility to pay the monthly rent by standing order or your tenancy cannot proceed

Our Tenants Fees Explained:

Pre-Tenancy Fees

Administration fee of £180.00 per person – this covers all required credit checks, referencing, guarantor referencing, all pre- and post-tenancy inspections, drawing up of the tenancy agreement and all other paperwork relating to the tenancy, and the logging of the deposit.

A holding deposit of £200 per property is required in order to take the property off of the market for a period of 5 working days whilst the referencing is carried out. This amount is then deducted from the move in balance.

Potential Fees/Charges During the Tenancy

Late payment of rent: £25 per property per occurrence
Rent Increase Paperwork and Administration: £25 per property per increase
Payment of rent by means other than Standing Order: £25 per property per occurrence
2nd Serious Noise Complaint: £20 per property
3rd Serious Noise Complaint: £50 per property


Coastal Management is a member of the Property Redress Scheme.
Coastal Management is not a member of a client money protection scheme.

Please note that we do not recruit new landlords so no landlord fees apply.


Employed applicants must have:

A gross income of at least 2½ times the annual rent
A recent payslip
If self-employed must provide 3 years accounts

If these criteria cannot be met, applicants will require:
Home owning guarantor* OR
Guarantor earning 3 times the annual rent (gross) *

Should it not be possible to meet the above criteria, there is the option to pay the first 6 months rent in advance. In these cases, the landlord requests a higher deposit of 3 months.

Students will require:

Copy of letter confirming placement on headed paper or valid NUS card

Guarantor

Guarantor requirements:

Must own a property in the UK OR:
Earn 3 times annual rent
Photographic ID
A current utility bill
If a - a mortgage statement or recent proof of ownership
& if property is jointly owned both must sign guarantee

** If your application is successful one month’s rent in advance & one month’s rent as deposit must be paid by all applicants on signing the tenancy agreement & must be paid by bankers draft, postal orders or debit card. This deposit may be higher if our standard referencing requirements cannot be met or if authorised pets are to be kept in the property**