The step by step process demonstrates just how easy it is to benefit from the Rent on Time service.
Once you find a prospective tenant or decide to protect the rent of an existing tenant for a minimum of 6 months and a maximum of 2 years, register your tenancy and make payment for the service.
Change of occupiers; new occupiers must be referenced to ensure they are suitable for the property; this comes at a fee of £50 plus VAT. Until we have confirmation of the new tenant being accessible, the current tenant remains liable for the property.
Rent on Time will then send you a copy of our Terms and Conditions to sign and send back so we can formally start the process. Once received we will then begin tenant referencing process via Let Alliance. This will normally take up to 2 working days.
Please note: If you have already completed the tenant referencing process through NLA Full Tenant Check, all you need to do is send a copy of the report to firstname.lastname@example.org
We do not accept tenant reference checks from any other organisations.
Once the referencing is complete, we will contact you to inform you of the results.
If the tenant has passed the referencing, we will progress with your application. If a tenant fails the reference check, we will allow you to reference another tenant free of charge (this is limited to two checks). If further references are required these will be charged at the standard NLA tenant rate.
Rent on Time will begin to draw up any pre-tenancy paperwork you have ordered and will request any documents needed from you, such as: inventories, tenant ID's, deposit certificates, etc.
Rent on Time will send out any paperwork we have drawn up to you and the tenant for electronic signature. We will then collect the 1st months’ rent & deposit from the tenant(s). It is a legal requirement to register your deposit with a government-backed tenancy deposit scheme (TDP). We will register your deposit with the TDS.
(Minimum of 1 months’ rent must be taken as a deposit, maximum 5 weeks)
Rent on Time will collect the 1st months’ rent & deposit from the tenant(s). It is a legal requirement to register your deposit with a government-backed tenancy deposit scheme (TDP). We will register your deposit with the TDS. (Minimum of 1 months’ rent must be taken as a deposit, maximum 5 weeks)..
On the move in date, your tenant will receive all of their required documents in their new tenancy pack, and you will receive your completed landlord documentation.
Rent on Time will send you a confirmation letter to inform you that the property is registered, and your account has been made. All future rent will be paid to Rent on Time by the tenant, while Rent on Time will pay you via BACS. You will receive a monthly statement confirming this. You can learn more about fees and commissions here.