Elm Road, Cranbrook

2 Bedroom Maisonette for rent in Cranbrook

PROPERTY Complete is delighted to present this two-bedroom maisonette in Cranbrook, available through the Rent to Buy Scheme in partnership with Livewest.

The property is located in the heart of Cranbrook's new Town Centre, offering convenient access to all local amenities. This home features two spacious double bedrooms, an open-plan living area with a generous kitchen, and a family bathroom. Plus an allocated parking space.

These properties are offered via Livewest, as part of the Rent to Buy Scheme and therefore certain criteria must be met when applying for a property. Rent to Buy helps you on your journey to home ownership, by offering rent at 80% of the market value allowing the remaining 20% to be saved towards a deposit so you can purchase the home you're renting. Please enquire for further details.

These particulars do not constitute part or all of an offer or contract. The text, photographs and plans are for guidance only and are not necessarily comprehensive. Any measurements are approximate room sizes are only intended as general guidance. You must verify the dimensions carefully to satisfy yourself of their accuracy. You should make your own enquiries regarding the property, particularly in respect of furnishings to be included/excluded and what parking facilities are available. Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory. Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents. 

HOW IT WORKS How it Works:

Applying for a Rent to Buy Property
• The scheme applies for applicants over the age of 18 only.

• You will need to pass the usual referencing and affordability checks, as if you were applying for any other rented property.

• Affordability is set at 30 X the rent. E.g. if the rent is £900 pcm, you will need to be earning £27,000 per annum (for joint applicants this amount is shared).

• The scheme is not able to accept tenants that require a guarantor.

• You will be required to pay a holding deposit, at the equivalent of 1 weeks rent, to secure the property.

Starting The Tenancy
• You will be required to pay at least one months rent upfront, plus the equivalent of 5 weeks rent as a deposit. The deposit will be protected within Livewest's DPS (Deposit Protection Service) account.

• As rents will be due on the 1st of each month, a part payment or top up payment may be required up to this date, if your tenancy does not start on the 1st of the month.

• You will be required to sign 'Livewest's' Assured Shorthold Tenancy Agreement for an initial fixed term of 18 months.

During Tenancy:

• The property, and your tenancy, will be managed by Livewest in the usual fashion. You will pay rent and report any maintenance issues to them as your landlord.

• Financial reviews will take place periodically, whereby you will need to provide proof of savings towards a deposit.

• You are not able to make any alterations or improvements to the property, whilst you are under the tenancy term, as any funds must be saved towards the deposit.

• At approximately 4.5 years into the agreement, a financial viability review will be completed and if you are in the position to purchase the property at a market price, then the property will be sold to you on the 5th anniversary of the start of your tenancy

• This process may be repeated at 6.5 years in you continue to wish to purchase the property but are unable to do so at the 5th anniversary.

• You have up until the 7th anniversary of the start of your tenancy to purchase the property.

• If you are not able to purchase the property on or after the 5th anniversary of the start of your tenancy, you may be allowed to purchase a share of the property (shared ownership).

• The landlord can serve you 6 months' notice to vacate the property, if it is deemed that you will not be able to purchase at the end of the term e.g. insufficient savings have been made.

What Happens After the 5 - 7 Year Period?
• If you purchase the property, then your deposit will be returned in full.

• If you are not in the position to purchase the property by the 7th anniversary, the landlord may take steps to end the tenancy, or only offer the property at full market rent.

• Once you have purchased the property you are able to sell on, or rent out in the future 

TENANCY INFORMATION The property is available to rent on an Assured Shorthold Tenancy for an initial term of 18 months. A security deposit usually equivalent to five weeks rent will be required prior to the keys being released. All deposits for properties let through Complete are held by the Deposit Protection Service in accordance with the scheme rules unless otherwise stated. 

WHEN YOU APPLY FOR A TENACNY REFUNDABLE HOLDING FEE

The Equivilant of One Weeks Rent inc VAT, This fee holds the property and prevents us showing other applicants the property. Please remember that the landlord may be advertising the property elsewhere, and if he/she find their own tenants after you have paid your admin fee, we'll refund it in full. If the rent is less than £500pcm, a smaller holding deposit will be taken.

This will only be retained by us if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a right to rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and /or Deed of Guarantee) within 15 calendar days. 

PERMITTED FEES Holding Deposit – capped at One weeks rent
This is usually £125 per property unless the rent is less than £500pcm Paid by you to reserve the Property. This will only be retained by us if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right[1]to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days.
Deposit – capped at 5 weeks rent where the annual rent is under £50,000 and 6 weeks rent where the annual rent is £50,000 or higher.
This will cover damages and defaults by the tenant as detailed in the AST during the tenancy.
Late payment of Rent
Interest will be charged at 3% above the Bank of England Base Rate from Rent Due date until paid in full. This will not be levied until the rent is more than 14 days in arrears with the interest calculated back from the first day of the arrears.
Lost Keys or security devices Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
Variation or changes to an existing tenancy agreement - £50 (inc. VAT) per change. This charge will cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents. This also covers costs in 'change of sharer' situations and covers the landlords costs in securing a new sharing and associated legal requirements in processing that new sharers application.
Early Termination as requested by Tenant Should you wish to leave the property before the end of your tenancy agreement, and should the landlord agree to this, then you will be liable to cover the landlord's costs of re-letting the property as well as any rent due under the terms of your tenancy agreement up until the point the replacement tenancy commences.
Utility Payments
Tenants will remain responsible, unless agreed otherwise, for all utility payments, TV licence and Council Tax accounts. Please refer to your AST for full information. 

TENANCY PROTECTION Complete Property are protected by UKALA Total Loss Client Money Protection Scheme (CMP). Scheme ref (188666)
We are a member of The Property Redress Scheme (PRS) 

Property Ref: 31102_101182022977