Information guide for tenants

Parkes offer a wide range of properties to let including affordable studios to luxury apartments in central London.

For tenants looking to find a new home with Parkes, this guide outlines the procedure and the processes, including the fees.

Browse our properties

Search our currently available properties to rent in London. When you find one you like, get in touch to arrange a viewing.

Register

Sign up with Parkes to get a head start on your property search, with early access and first viewings on newly listed properties.

Arrange a viewing

Our team will ask you the right questions to understand your requirements. We’ll help you choose the right property for you.

Make an offer

If you are certain about the property you have seen then we recommend making an offer as soon as possible. You’ll need to put down a two week holding deposit which will secure the property while negotiations take place.

Agreement with landlord

Once an offer is accepted then we can move to the next stage and start your references. You will be asked to provide a valid form of photo ID, and proof of current address dated within the past 3 months.

Checks

All applicant references are undertaken by an external specialist reference company. You will be asked to complete a form online which will ask for proof of income, credit check and previous landlord reference.

Tenancy agreement

Before your tenancy begins you will be asked to sign the tenancy agreement which outlines the responsibility of both the landlord and the tenant. You will need to pay the final charges on delivery of the tenancy agreement. Please see the details above for a breakdown of all the charges.

A charge is made by Parkes Estate Agents for the preparation of the tenancy agreement, as detailed below.

If at any point during the tenancy you wish to change one of the tenants, there will be an additional fee to prepare a new agreement, pending references.

Terms & fees

Once your offer is accepted and your contract is signed you will be required to pay the following.

Rent: first term of rent as agreed on the tenancy agreement.

Security deposit: 5 weeks rent

Additional fees which you may incur during the course of your tenancy may include:

Damage fee: at landlords discretion.

End of tenancy clearing: variable.

These are the maximum you should need to pay and all fees are subject to change. Parkes Estate Agents will inform you of any changes in advance.

Security Deposit

All of our security deposits are held with the Tenancy Deposit Scheme, a government backed scheme for property deposits. Your security deposit will be returned at the end of your tenancy, subject to any damages, missed rental payments or charges against the property.

Inventory

An inventory and schedule of condition of the property will be prepared before your tenancy commences. At the start of your tenancy, we will confirm the inventory with you at the premises.

The inventory is designed to avoid disputes at the end of your tenancy, so we advise for your own benefit that you are present for the check in and check out.

Rent

Your rent will be paid as agreed on your tenancy agreement. For any missed rent payments you will be subject to additional fees (see above).

Damage

If there is any damage or problems with the structure of the property please let us know as soon as you’re aware. We want to be able to fix any issues before they become a bigger (and more expensive) problem.

End of tenancy

If you wish to give notice of the end of your tenancy agreement you will need to do it within the timeframe agreed on your tenancy. You can also choose to exercise the break clause in your contract, if you have one.

Once you have ended your contract we will complete the end of tenancy report and inventory check. If there are any costs incurred this will be taken from your security deposit which will be agreed through the Tenancy Deposit Scheme.