Oakfield Property Advice: Tenants Requirements     

Oakfield and our Landlords need to know that tenants who will be renting any properties are financially capable of meeting the monthly rent as well as being honest and trustworthy.

Therefore all tenants moving into a property through Oakfield need to meet the following requirements.

1. Must be over the age of 18 years old.

2. Pay a deposit equal to the first months rent.

3. Pay one months rent in advance.

4. Pay an administration fee.

5. Have no adverse credit, or rent arrears.

6. Supply photo and address identification.

In addition to the above you will be assessed to your suitability as a tenant.

Financial stability

We will look at your current financial position which will disclose any County Court Judgments, bankruptcy orders, voluntary arrangements or administration orders, thereby giving an indication as to whether you will be able to meet your rental payments, reducing the landlords risk.

Affordability

We will assess your ability to pay, looking at your earnings in relation to the proposed monthly rental.

Previous landlord reference

This will give us an indication of your commitment to rented properties in the past and whether there was any dilapidation or arrears on the property during your tenancy.

Employers reference

This will confirm your salary, the position you currently hold and whether this position is permanent, temporary or a fixed term contract.

• We will consider students, housewife?s or unemployed status applications on certain properties, however you will still need to meet our requirements listed above and we will require evidence of your income to be able to pay your rent.
• If you are unable to meet the above requirements a guarantor will be required or 6 months rent in advance.