When do I have to pay my rent?
You’ll find this information in your tenancy agreement, which you will have received and signed when you made the booking. The deadline for the first instalment of rent also depends on the date the booking was made, but will be mentioned in the contract. In the contract, you should also see the dates when the different instalments of the rent need to be paid. In the example below, the rent is paid in four instalments.
How much is the rent?
This depends on what room you booked. You can find the price in the booking confirmation email you’ve received from Student.com, as well as from your tenancy agreement, as in the screenshot above. The price of the room is usually listed either per week (ppw) or per month (pcm), but if you pay in instalments, the amount you pay at one time will be larger, as you will only pay four instalments rather than having to pay every month.
What is a deposit?
A deposit is a payment you make before moving into your apartment. The deposit will be held by the landlord and it will be paid back to you after you’ve moved out, assuming you didn’t cause any damage to the property. If there is any damage, or the property has not been properly cleaned before you moved out, the landlord has the right to deduct money from the deposit to cover their expenses of getting the property back to the condition it was in when you moved in.
For this reason, the deposit cannot be deducted from the rent. It’s usually held by a third-party deposit custodian to make sure the deposit is kept safe while you live in your apartment.
What is a holding fee?
A holding fee is a fee that you pay before moving in to your apartment, in order to secure the room for you. If you have paid a holding fee, the amount of the holding fee can be deducted from your first rent.
How should I pay the rent?
The rent is usually paid by bank transfer, but in some cases you can also pay with by card.
You can find the bank details of your landlord in your tenancy agreement or the landlord portal. The rent is paid directly to the landlord, and you don’t have to pay anything to Student.com.
