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STUDENT INFORMATION SHEET

Academic year  2017 – 2018

VIEWINGS
Please visit the properties and ask the existing tenants to show you round. YOU MAY BE ASKED FOR IDENTIFICATION so please take your student identification card with you. Please do not make any automatic assumptions on the current condition, decoration or what contents will or will not be included in the property as the property may currently be let. If you have any questions with regards to the contents of the property please ask your questions now as we may be able to show you an up to date copy of the inventory – not all furniture may be included.  

RESERVING A PROPERTY
Identification, Holding Fee and Deposit

All deposits taken on or after the 6th April 2007 are required by law to be protected by one of the three Tenancy Deposit schemes. Full details of the scheme applicable for the property will be included in the Tenancy Agreement that you will be signing.  

A deposit of £300.00 for each member of the group is required, payable when the tenancy commences in September 2017

An administration/referencing fee of £85.00 per person is payable when you sign and complete your application form. If you are unable to supply us with details of a UK based guarantor then you will be required to pay the full rent for term of the tenancy agreement rent in advance, ie 10 months, 12 months etc. 

The deposit is held against damages and the balance (if any deductions apply) refunded to you at the end of the tenancy. If you pullout of the property at any point before the commencement of the tenancy or during,  up to a maximum of £150.00 of the deposit will be retained by Wrights of Hatfield to cover any reasonable administration costs incurred.
  
If the landlord withdraws the property from the market or you application or your Guarantors Application is declined you will be reimbursed your administration fee and deposit.

The deposit is refundable to you at the end of the tenancy in accordance with the terms and conditions of the relevant deposit scheme subject to the final inspection and when all keys have been handed back to the relevant party. 

HEAD TENANT
A head tenant must be appointed with whom we can liaise with during the setting up of the tenancy and the return of the deposit. Only the head tenant can deal with any disputes at the end of the tenancy. 

PER CALENDAR MONTH AMOUNTS
Rent is paid per calendar month by standing order into Wrights Estate Agents client accounts. If the rent is quoted weekly on the attached list the monthly rent is more than 4 times the weekly amount as there are more than 4 weeks in a month, eg £75.00 per week x 52 (weeks in a year) divided by 12 (months in a year), this will give you the per calendar month figure and in this instance would be £325.00.

GUARANTORS
Each student must have a guarantor (usually parent or guardian) in full time/permanent occupation based in the UK who will guarantee your rental payments, should you fail to fulfil that obligation. A guarantor can only guarantee one student. The guarantor will need to be receiving an income of 3 times the monthly rent to successfully pass the credit checks.

If you are unable to find a guarantor and still wish to rent through Wrights of Hatfield, the full tenancy would need to be paid in cleared funds prior to the commencement date. This is approximately one month before moving in (August 2017)

INSURANCE
Whilst the premises are insured your personal belongings will not be covered under this policy. We strongly recommend you insure your own contents especially for items of high value (information regarding insurance policies are available in our office).

UTILITIES
You will be responsible for all services connected to the property, eg gas, electric, telephone, water and council tax (although full time students are exempt from this payment you will still need to register and fill in a form). On the date of occupation you will be required to telephone the various utility companies and inform them of meter readings.

RETURN OF DEPOSIT AT THE END OF THE TENANCY
To gain your deposit back we would need to see proof from your utility companies to state that you have paid all your bills for water, gas, electric, NTL, we will also need your council tax exemption forms.

The expression joint and several liability means that jointly the tenants are liable for the payment of all rents and all liabilities falling upon the tenants during the tenancy as well as any breach of the Agreement. Individually each tenant is responsible for payment of all rent and all liabilities falling upon the tenant as well as any breach of the Agreement until all payments have been made in full. A maximum of four people can be such joint tenants.

Schedule of Fees

Pre-tenancy

Administration Fee (Per Applicant) £40.00 inc VAT
Tenant Referencing Fee (Per Applicant) £45.00 inc VAT
DEPOSIT PER STUDENT  £300.00
Failed Guarantor Referencing £20.00 inc VAT
Change of Date fee £30.00 inc VAT
Credit Card Payment Fee  2%
Of the transaction amount


Tenancy

Over Due Rent 
Calculated from the date the payment was due 
6% 
per annum
Breach of Tenancy  £30.00 inc VAT
Per letter
Bank refused, returned or represented payments £24.00 inc VAT
Per each presentation which fails
Credit Card Payment Fee  2%
Of the transaction amount
Confirmation of Tenancy Letter   £30.00 incVAT
Per letter
Locked out of room within office hours
* higher charges apply for out of office hours
£24.00 inc VAT
Per Visit
Check Out Fee    Prices vary depending on size of the property

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