Deposits, Retainers and Guarantors

Deposits

A deposit is a security payment.  It is very common to pay a deposit when signing a contract.  Deposits should be returned to you in full when you move out unless the landlord has a reasonable claim to withhold it.  When you pay your deposit make sure you obtain a receipt.

Once you pay your deposit, you must be sure to take an inventory of the property. 

What is an Inventory? 
Click here to find out!

From 6th April 2007 all tenancy deposits taken by landlords/agents in relation to Assured Short-hold Tenancies in England and Wales will be covered by the Tenancy Deposit Protection Scheme.  For more information visit about deposits visit Shelter.org.uk.

 Retainers    Guarantors
  • Some landlords ask for a retainer to cover the property over the summer period,
  • It is normally for half the rent and it does not allow you to live in or enjoy full occupancy of the property
  • If you pay full rent you are entitled to stay in the property
 
  • A guarantor is someone who agrees to cover a tenant against non-payment of rent. 
  • It is not necessary to have a guarantor when you rent a property, but some landlords may ask for one or may request several months rent in advance. 
  • It is important that whoever agrees to be your guarantor is clear about their obligations. 
  • If you are in a Joint and Several Contract with other people, make sure that each tenant has their own guarantor and that each guarantor has an individual contract for one tenant only. 

 

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Opening hours

The Student Welfare Service is now based in the new Percy Gee building.

Please contact the Student Welfare Service directly on 0116 223 1185 or email:welfare@le.ac.uk to arrange an appointment or for further information.

The Student Welfare Service is open from 9 - 5pm, Monday to Friday.

In an emergency, contact University Security on 0116 252 2888.

Contact Us

welfare@le.ac.uk

0116 223 1185