PROCEDURE FOR CHANGE OF SHARER

• The new sharer(s) will provide full names and contact details (email address and mobile number).
• The new sharer will need to be referenced; there is a reference fee of £36.00, which is inclusive of VAT. 
• A new addendum to the existing tenancy agreement needs to be signed. The fee for this is £72.00, inclusive of VAT.
• The new sharer will need to complete and sign a Debit Card Authorisation form for a total of £108.00 (Reference and Tenancy Agreement fees).
• Once the above payment is received, the new sharer will be sent an on-line reference form, which he/she will need to complete.
• A copy of a photo ID and proof of current address (utility bill or bank statement) is required for the new sharer.  Please note we are unable to accept a driver’s licence as proof of address.
• Once the above documentation has been received, the new Addendum to the Tenancy Agreement will be sent to the Tenant and the Landlord.  Please note we are unable to allow the new sharer to move in to the property until such time as all tenants (including the new and present sharers) have signed the Addendum to the Tenancy Agreement. Please ensure you sign all relevant pages and have it witnessed by a person who is not related to either one of you. Also please initial each page.
• By signing the Addendum, the new sharer confirms that he has accepted the inventory, which was done at the beginning of the existing tenancy as the sole basis of dealing with the deposit at the end of the new tenancy. If the new sharer chooses this option, he/she will need to pay the sharer who is moving out the corresponding portion of the deposit, to him/her directly.  If this option is chosen, the sharer who is moving out will also need to provide me with a letter stating that he/she has received his/her portion of the deposit from the new sharer.
  
  Should the new sharer not accept the existing inventory, we can arrange for an inventory check-out to be done a day before the new tenancy commences, deal with the existing deposit, and deduct any deductions due (if any).  We will also need to draw up a whole new tenancy agreement which will cost £144.00 instead of £72.00, and will be payable by the new sharer. If the new sharer chooses this option, he/she will need to top up the deposit to the initial amount and a new inventory check-in will be arranged at the start of the new tenancy. Please note that should this option, i.e. the inventory check-out and the inventory check-in, be chosen, the new tenant will be liable to pay the cost of both these inventories. The new sharer will need to pay his/her portion of the deposit to us and we will arrange the payout to the sharer moving out.
• Once this confirmation is received with the respective documentation, we will update the details of all sharers’ on the Tenancy Deposit Certificate.