All students, professionals under 25 and those in employment for less than 12 months must have a guarantor. Your guarantor should be UK based, in full time employment and be a home owner. Hive Estates reserves the right to decide if you need a guarantor and the landlord can decide not to proceed with your application if you do not supply the information. Your guarantor will be referenced on their credit history, income and suitability to be your guarantor. They must be older than you, and earn 3 times the rent as part of their annual salary or have the income in savings. They will also be asked to sign an agreement. Please ensure the guarantor is aware you are putting them forward before completing this section.
By completing this form and signing below I confirm that to the best of my knowledge and belief the above details are true and correct at the time of completion. I consent for Hive Estates to reference me and contact my guarantor to reference them if applicable. I consent to Hive Estates providing my personal information to a third party referencing company to carry out these reference checks, and to the landlord of the property. I confirm that I will be able to meet the rental payments for the proposed tenancy. I understand that the tenancy I am entering into, if with other tenants, is a joint and several tenancy. I understand that this document constitutes an application for a tenancy and, should I or my guarantor fail referencing, I will not be granted the tenancy. I understand that before occupation I will provide ID to pass a right to rent check. I agree to pay the following amounts:
- 1. To pay a holding deposit equivalent to one week's rent (this will be allocated to your first months rent when the tenancy starts)
- 2. To pay the first month's rent once the tenancy is granted and any rent in advance that has been agreed in the tenancy agreement
- 3. To pay the tenancy deposit (usually equivalent to one month's rent, but may be higher)
- All payments made once the tenancy agreement is signed are non-refundable and all payments due must be paid before the start of the tenancy in cleared funds.
I understand the holding deposit will not be refunded to the Applicant where:
- 1. The Applicant does not have a ‘right to rent’ a property (under Part 3 of the Immigration Act 2014) and the Landlord or his Agent did not know, and could not reasonably have been expected to know this, before the holding deposit was accepted;
- 2. The Applicant provides false or misleading information, and the Landlord or his Agent is reasonably entitled to take into account the Applicant’s actions in providing false or misleading information or the difference between the false and correct information in deciding whether to grant a tenancy to the Applicant;
- 3. The Applicant notifies the landlord or letting agent before the Deadline for Agreement that the Applicant does not want to enter into a tenancy agreement;
- 4. The Landlord or his Agent takes all reasonable steps to enter into a tenancy agreement before the Deadline for Agreement, but the tenant fails to take all reasonable steps to enter into the agreement before that date.