A: Tenants are eligible for flatfair membership if they:

  • Hold the right to rent in the UK
  • Have annual earnings that amount to no less than 30 x their share of the monthly rent amount at the accommodation (e.g. if their monthly rent amount is £800, their annual earnings must be no less than £24,000)
  • Have a good credit history (e.g. no CCJ's, bankruptcies or IVA's)
  • Be able to provide a previous landlord's reference stating that they paid their rent on time (if applicable)
  • Pass the agency’s own referencing criteria (if applicable)

If tenants do not fulfil the above criteria, and only if indicated by your agency as sufficient qualification, they may:

  • pre-pay the first 3 months’ rent of the rental period on or before the commencement date and thereafter pre-pay rent on a 3-monthly basis, or
  • produce a guarantor with an annual salary of at least 32 x their share of the total rent amount at the accommodation or
  • produce a guarantor provided by a company which has been incorporated for a minimum of 3 years and meets the affordability criteria against the tenant guarantor’s credit limit

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The above is applicable for private tenants only. To check the flatfair referencing criteria for company lets, please click at the link below:

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