Tenancy
'All tenancies start on the 1st July, with students moving out on 30th June the following year.
Each tenant must be able to provide a suitable 'guarantor'. This person (usually a parent) must be a UK homeowner, and will be required to complete a Deed of Guarantee.
The Tenancy Agreement is 'joint & several'. However a tenant’s guarantor is not liable for the non-payment of rent of other tenants.
Rent
Rent is calculated weekly and includes bills. No Council Tax is payable by full-time students.
The fully-inclusive rental package is based on an equal weekly figure per person. However, by prior agreement, a group of tenants may choose to apportion the total rent payable in a different way.
Rent is paid monthly, unless a different payment schedule is mutually agreed between landlord and tenant.
Deposit
A damage deposit, based on £350.00 per individual tenant, is payable when the Tenancy Agreement is signed. This is returnable at the end of the tenancy period subject to the property’s condition.
All deposits are protected by www.my|deposits.co.uk.
The damage deposit should not be confused with the holding deposit which is simply a way of reserving a property, subsequent to viewing, and returnable on the signing of the Tenancy Agreement.