Mid market rental
- What is Persevere Developments?
- Who is it for?
- What properties are available?
- If I am not accepted in the first instance can I re-apply for other mid market Properties?
- How do I apply?
- What happens next?
- What tenancy agreement would I have?
- Are the properties fully furnished?
- Will I have to pay a deposit?
- Will my deposit be returned?
- How much rent would I have to pay?
- Is there a minimum earnings limit?
- Who is responsible for maintaining the property?
- Will I be allowed to keep a pet?
- Can I apply for a property with a spare room?
1. What is Persevere Developments?
Persevere Developments is the mid market subsidiary company of Port of Leith Housing Association. Persevere Developments Limited was created in 2010 to help address Edinburgh’s affordable housing shortage.
It is a wholly-owned private subsidiary of the Association which allows greater flexibility in funding, leasing and development than the parent Association’s charitable status would otherwise allow. This means we can build more homes, faster so that people can live in high-quality affordable homes in areas they want to live.
Letting Agent Reg No. LARN1811003
2. Who is it for?
Mid market rent (MMR) aims to help people who are working and who would otherwise be unable to afford to purchase property in the current market.
3. What properties are available?
4. If I am not accepted in the first instance can I re-apply for other mid market Properties?
Yes, you can apply for our current mid market properties – we hold applications for all eligible applicants for up to one month and contact them should any of our existing properties become available.
5. How do I apply?
There are currently no available properties. When properties are available, you can request an application form by emailing firstname.lastname@example.org or calling 0131 554 0403.
6. What happens next?
You need to complete our application form if you wish to apply for a mid market rent property with us, as additional information is required on your circumstances. Once your completed application form has been received, we will assess it and check all the information you have provided. We will ask for proof of your income (such as wage slips or tax returns, bank statements etc) with your application form. You will be contacted if you are being considered.
7. What tenancy agreement would I have?
As of the 1st December 2017, any new, Private Rental Sector Tenancy you enter into will be a Private Residential Tenancy.
8. Are the properties fully furnished?
No, they will not be furnished. Carpeting, floor covering (vinyl) and an oven and hob will be provided.
9. Will I have to pay a deposit?
A deposit of one month’s rent is required before entry. This is a security deposit and will be retained to meet the costs of any damage/disrepair caused to the property by the tenant or for any unpaid rent after the property has been vacated. We will protect this deposit by transferring the funds to an Approved Scheme under the Tenancy Deposit Scheme (Scotland) Regulations.
10. Will my deposit be returned?
At the end of the tenancy, you will need to agree with us how the deposit should be allocated. Our Tenancy Deposit Scheme provider will then repay the deposit under the agreement unless there is a dispute between us over the deposit allocation. If there is a dispute, the Scheme provider will ask for evidence from all parties as to how they feel the deposit should be allocated. It will then carry out an adjudication process and issue a draft report for review by all involved.
11. How much rent would I have to pay?
The rent will normally be higher than that for a comparable social rented property, but lower than privately rented property.
12. Is there a minimum earnings limit?
Yes, we have a minimum household income of £17,000 for a one bedroom, £21,000 for a two bedroom and £25,000 for a three-bedroom property. This is because we recommend that the rent should not be more than 35% of your net income. This means that the rent for a one-bedroom property will be approximately 35% of your earnings. The maximum household income for all of our mid market properties is £39,067.
13. Who is responsible for maintaining the property?
Port of Leith HA is managing the properties for the landlord, Persevere Developments Ltd (PDL), and will ensure the accommodation meets the Government Repairing Standard for private housing at the start of your tenancy and at all times during the occupancy. The tenant will be liable for the cost of repairs where the need for them is due to their fault or negligence or that of any person residing with them or any of their guests. Full details of the respective repairs responsibilities (yours and ours) will be issued to you as part of the allocation process.
14. Will I be allowed to keep a pet?
You must apply for permission to keep a pet. We will usually give permission to keep pets, but the tenant must be aware that it is their responsibility to clean up after their pets and any damage caused by pets will be charged to the tenant.
15. Can I apply for a property with a spare room?
The property size offered will be appropriate for the household composition. Allocations should not result in significant under occupancy or overcrowding. We will normally allow for no more than one additional bedroom.