It's our policy to be up front, fair and transparent with our fees, so take a look at our student tenant fee structure below.
There are Zero Tenancy Fees to pay for all student tenants, in Leeds, that are taking up one of our all-inclusive bills packages. However, if you are taking a property without the package, please take a look at the list of applicable fees.
The holding fee is a non-refundable payment of £100 per tenant. This secures your chosen property.
We'll then take the property off the market and stop doing viewings while you complete your application. You have 15 days to complete your application, after which your fee will be forfeited.
Once all of your application documents have been completed, and your Tenancy Agreement is signed, the holding fee then becomes part of your deposit for the property. Your deposit will be secured in a government backed deposit scheme, called the DPS, where it will stay secured until the end of your tenancy. This holding fee is non-refundable should you withdraw from the property application.
We don't charge our student tenants guarantor fees.
A guarantor is a third party, such as a parent or a close relative, who agrees to pay your rent if your fail to pay it. A guarantor must earn in excess of £25,000 per annum and will be credit checked as part of the application process, so it's important to ask them in advance. Your Landlord can take legal action to recover any unpaid rent directly from your guarantor if you do not pay your rent.
Your rent is due either monthly, or quarterly, depending on what it says in your Tenancy Agreement. It's really important tha you pay your rent on time every month. If it is late, you will be liable to a late payment fee. If you rent is late by 14 days, the property will be subject to an Arrears Inspection, at an additional cost.
Make sure that you cancel your standing order with your bank straight after your last rental payment. This does not happen automatically!
It's not easy for us to get any overpayment back to you right away, and there is a charge for each repayment we need to make.
Other fees and costs may apply during the Tenancy such as: late payment fees and charges for lost keys/change of locks. All fees are detailed in your Tenancy Agreement.
If you have any further questions about our student letting fees, please don't hesitate to contact the team at Student Let Leeds today!