Signing the Tenancy Agreement, Security Deposit, Inventory and Schedule of Condition and Rental Payments

Accord will give you the opportunity to read and understand the Tenancy Agreement before signing it. The actual signing will take place on or before the commencement date of the tenancy at a pre-arranged time. On signing the Agreement, Accord will collect from you the first month’s rent in advance plus a security deposit, which is usually the equivalent of one month’s rent, less the holding deposit already paid. This initial payment must be settled in cleared funds. The security deposit will usually be held by Accord and registered with our tenancy deposit scheme, The Dispute Service. It is held against possible breakages or damage caused by you during the tenancy and for any other breaches of your tenancy terms, such as unpaid rent. The security deposit will only be returned to you, subject to everything being left in a satisfactory condition at the property at the end of the tenancy. Accord will set up with you how to pay your future rent, usually by standing order. The monthly rent due date will be the same date of the tenancy commencement date. Whatever type of accommodation you are moving into, it is important that you see the Inventory and Schedule of Condition for the property by the day of occupation. This is a legal document and puts the responsibility on you, as tenant, to look after the items listed on it. It should list all the items of the property left by the Landlord for your use, as well as the condition of the actual property, its fixtures and fittings. It is your responsibility to make sure it is accurate before signing and to note any alterations regarding discrepancies and omissions from it. Usually the Inventory is reviewed, agreed and signed, as part of your check-in to the property. A copy of the Inventory will be provided to you. Should you damage, break or not clean the property when you move out at the end of the tenancy, the Landlord can charge you from your security deposit, reasonable fair wear and tear excepted.