Rent Now: Secure Tenancy Creation

Professional grade tenancy creation service that encompasses referencing, contract signing, deposit registration, rent collection and much much more

Referencing

Leading Comprehensive Referencing

Contract

Fully Customisable
Including Custom Clauses

Deposit & Rent

Automatic Deposit Registration & Initial Rent Collection

Why use Rent Now?

  • Industry leading Tenancy Agreement
  • Up to date with all laws and regulations
  • You remain in control
  • Simple, Secure, and available 24/7
  • Support from OpenRent experts

Already found tenants?
Begin Rent Now Here

Landlords Rent Now

Richard M
Richard M

“Too Easy!”

Trust Pilot - 5 Stars

OpenRent took the whole contract signing process and made it effortless. 10 Stars if I could!

James C
James C

“Highly Recommend”

Trust Pilot - 5 Stars

It's reassuring to know that OpenRent's contract is tried-and-tested, providing us with great peace of mind.

Lisa R
Lisa R

“Great Experience”

Trust Pilot - 5 Stars

OpenRent updated me every step of the way, and excellent customer service! Recommend to everyone.

Trusted by UK Landlords

£69 Inc. VAT
  • Legal Compliance
  • Holding Deposit Processing
  • Contract & Digital Signing
  • Deposit Registration
  • Initial Rent Collection
  • Ongoing Tenancy Management Tools
  • Free Tenant Concierge Service
  • Much much more...

Tenant Referencing: £20 per report

  • Credit Check and Risk Score
  • Financial Checks: Income & Employer Check
  • Previous Landlord & Letting History
  • Linked Address, Identity & Fraud Information
  • Right to Rent Check Advice
  • CCJs, Decrees, and other court information
  • Affordability Rating

Already found tenants?

Begin Rent Now Here

How Rent Now Works

Holding Deposit

Starting the Rent Now process requires the landlord to have an OpenRent listing for the property. You can add your property here.

The tenant begins Rent Now by clicking the green 'Rent Now' button on your OpenRent advert.

Tenants need to pay a holding deposit equal to one week's rent using a debit card to confirm their application for the property.

The landlord will be notified via SMS and email as soon as the holding deposit is paid, and can then immediately choose whether to accept the application, and if so whether referencing is required.

More Info +

FAQs

Tenant Referencing

OpenRent’s market leading referencing combines a thorough credit check with references from employers and previous landlords to give a clear indication of the suitability of tenants.

The landlord decides who they want to accept - OpenRent keeps everyone updated throughout the process and are happy to advise based on their experience of thousands of tenancy applications. On average, comprehensive referencing takes 3-5 days.

Referencing costs £20 per applicant, with no charge to the tenants.

More Info +

FAQs

Contract Signing

OpenRent's professional Assured Shorthold Tenancy Agreement provides total peace of mind. It's created and regularly updated by a team of experienced tenancy lawyers to ensure that you're always in full compliance with the law. The contract offers the best of both worlds: it's designed to give landlords peace of mind, and it's also very simple to customise for any landlord's individual requirements. Landlords can review and make changes to the contract at any time before they sign it. You can learn more and see sample here.

OpenRent offers a speedy, highly secure, and legally binding digital contract signing process. All parties, including the landlord, will receive instant notifications when it's their turn to sign the contract.

More Info +

FAQs

Deposit Registration

In the Rent Now process, OpenRent takes care of collecting the tenant's deposit and the first month's rent. They also ensure that the deposit is properly registered on the landlord's behalf, so the tenancy is legally sound and follows all deposit-related laws. The deposit is legally secured and all funds are ring fenced in client accounts, audited, and protected by multi-million pound client money insurance.

More Info +

FAQs

Key Exchange

Tenants pay the first month's rent and deposit in full, at which point the landlord is automatically notified, and can hand over the keys to their new tenants! At this point the deposit is secured, and and the rent is deposited to the landlord 10 days after the tenants have moved in.

More Info +

FAQs

Rent Collection (Optional)

OpenRent provides landlords with a dedicated bank account for rent payments for added privacy. No longer do landlords need to provide sensitive bank information to tenants.

There's no holding period: as soon as the rent is paid to us, we pay it to you, automatically.

We send landlords a confirmation email with each payment made, as well as provide a dashboard showing all previous payments. This ensures landlord records are up-to-date, easily auditable, and payments are automatically segregated by tenancy.

If the tenant is late on rent, we'll notify the landlord automatically, and chase the tenant on their behalf.

OpenRent's rent collection service is optional; landlords can share their bank details with tenants and opt out at anytime.

Looking to begin Rent Now?

Get Started Here