This section provides information about your payment obligations and rights.
Payment of rent
It is a condition of your tenancy that all rent must be paid in advance per term. Each tenant is jointly and severally liable for payment of the total balance. If payment is not made after a request, the landlord will contact the Guarantor of the tenant and the remaining tenants for any outstanding rent. Interest is charged at 3% above the Bank of England base rate from the due date once the rent is more than 14 days in arrears.
Usual payment dates for rent are:
- 1 September
- 1 January
- 1 April
Payment instructions can be found on page 7 of your Welcome Pack. We suggest you set up a bank standing order for rent on the due dates.
Please ensure your payment reference uses your surname and house number, e.g. “Taylor16”. Your payment may not be allocated correctly if you fail to do this.
Deposit
Your deposits are held by mydeposits.co.uk. They are returned at the end of the Tenancy Agreement, subject to the terms and conditions of that Agreement.
Joint and several liabilities
Each tenant named on the tenancy agreement is:
- considered joint and severally liable
- responsible for all the conditions of the agreement
- responsible for the full amount of the rent or the full cost of any damages not just their own.
You are liable for the total rent, upkeep of the property and payment of all bills during the duration of the tenancy agreement.
If someone wishes to leave the contract for whatever reason during the term, that tenant remains liable to pay the rent and any other monies payable under this Agreement until the term expires or the property is re-let (the Landlord is under no obligation to re-let the property) whichever is earlier, whether or not the tenant chooses to continue occupying the property.