If you are concerned about not having enough money to pay your rent, it is crucial to communicate with your landlord promptly to explain the situation.
Providing them with an estimation of when you will be able to pay or offering to pay as much as you can, even if it’s not the full amount, can be beneficial.
Within 30 days of receiving your deposit, your landlord must place it in a deposit protection scheme in accordance with legal obligations.
This ensures that you will receive your deposit back as long as you fulfill the terms of your tenancy agreement, pay your rent and bills in full, and avoid any property damage.
There are three government-approved deposit protection schemes, and you should receive information about the location of your deposit.
To recover your deposit when your tenancy ends, you must contact your landlord or letting agent to request it.
If your landlord has valid reasons, they can deduct from your deposit. This typically occurs if you have unpaid rent, caused property damage, or lost or damaged their belongings.
However, your landlord cannot charge for “reasonable” wear and tear.
Save The Student reports that more than 18% of students encounter difficulties in receiving their full deposit back, so taking good care of the property and avoiding any damage is essential.
If you disagree with a deduction made by your landlord, it is best to talk to them directly to discuss the matter.
If no agreement can be reached, you can reach out to the deposit protection scheme where your money is held and utilize their dispute resolution service to resolve the problem.
If you are studying full-time, you are exempt from paying council tax. Your council may require proof of your student status, which you can obtain from your university.
If you share a house with someone who is not studying full-time, the property will be liable for council tax, and you will receive a bill.
Whether the non-student housemate pays the entire bill or you decide to split it is up to you. If only one member of your household is a non-student, they can apply for a single person council tax discount of 25%.
If you need to pause your studies, you may be required to start paying council tax for the duration that you are not studying. Inform the local council about any changes in your circumstances and seek guidance from your university or student union to avoid unexpected bills.
After digesting all this information, it may seem easier to become your own landlord.
Some building societies offer “Buy for Uni” student mortgages that cover up to 100% of the purchase price.
By renting out up to three rooms to friends, students can cover their mortgage payments, essentially living in the property for free and potentially saving their parents thousands of pounds in the long term.
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