Turn on thread page Beta
    • Thread Starter
    Offline

    17
    ReputationRep:
    Okay, I'm a little bit confused! I'm sort of looking, vaguely as of yet, at flats/housing for next year with my mates in central-ish London..

    How much of a deposit should I be expected to pay up front?? I looked at one house and it is 600£ p/w (4 people, so 150£ per week each) and it says 'Damage deposit 1 month'... That's a 600£ deposit?!


    I'm so confused

    Anyone any help?
    Offline

    14
    ReputationRep:
    Generally the deposit is 1 and a half months rent, yours is only 1 month so count yourself lucky! That'll probably be £600 each btw. Actually I'm not sure, you'll have to ask! Do you pay individually for the rent or all together?

    You'll get it back when you leave, it's just so that if you damage anything they won't have to ask you for money as they'll already have it (unless you do something REALLY bad to your flat ).
    Offline

    0
    ReputationRep:
    Yeah that sounds about right, mine is something ike £690 for next years house. DAYLIGHT ROBBERY.
    • Thread Starter
    Offline

    17
    ReputationRep:
    (Original post by pippa90)
    Generally the deposit is 1 and a half months rent, yours is only 1 month so count yourself lucky! That'll probably be £600 each btw.

    You'll get it back when you leave, it's just so that if you damage anything they won't have to ask you for money as they'll already have it (unless you do something REALLY bad to your flat ).
    Thank you! (that's just one flat that has come up, it might not be the one that we go for because the lease starts June and we're looking for August/September!) I understand that I'd get it back but I don't know where I'll be able to find the £ from in the first place lol..
    • Thread Starter
    Offline

    17
    ReputationRep:
    (Original post by severus snape)
    Yeah that sounds about right, mine is something ike £690 for next years house. DAYLIGHT ROBBERY.
    Omg so this is NORMAL? ****.
    Offline

    0
    ReputationRep:
    (Original post by mel0n)
    Omg so this is NORMAL? ****.

    sadly...yes
    • Thread Starter
    Offline

    17
    ReputationRep:
    (Original post by severus snape)
    sadly...yes
    Oh man :sad: thanks nevertheless!
    Offline

    15
    ReputationRep:
    its ridiculous that you have to pay a damage deposit it as a landlord he takes out landlord insurance and should understand the risks of renting out a house.dont want damages dont rent out houses simple
    Offline

    8
    ReputationRep:
    (Original post by mel0n)
    Thank you! (that's just one flat that has come up, it might not be the one that we go for because the lease starts June and we're looking for August/September!) I understand that I'd get it back but I don't know where I'll be able to find the £ from in the first place lol..
    Mine wasn't anywhere near that We had to pay £225 deposit and £125 admin fee when we signed the agreement - £350 total. Although, that said, my rent is a lot less than yours - pretty much halved (£72 a week) so if you take that into account, I would say it is about right.

    Also, I think most places have the lease begin in June - in any case you will have to pay for 12 months, so whether your lease begins in June or September, you will still have to pay the summer on the other end so does it make much difference?
    Offline

    14
    ReputationRep:
    (Original post by mel0n)
    Thank you! (that's just one flat that has come up, it might not be the one that we go for because the lease starts June and we're looking for August/September!) I understand that I'd get it back but I don't know where I'll be able to find the £ from in the first place lol..
    I know it sucks, but at least student deposits are cheaper! I've seen family houses which have £3000 deposits! :|
    • Thread Starter
    Offline

    17
    ReputationRep:
    Thanks guys
    Offline

    19
    ReputationRep:
    My deposit was 1 month's rent plus £100.
    Offline

    2
    ReputationRep:
    (Original post by mel0n)
    Thank you! (that's just one flat that has come up, it might not be the one that we go for because the lease starts June and we're looking for August/September!) I understand that I'd get it back but I don't know where I'll be able to find the £ from in the first place lol..
    Ask the landlord whether you can sub-let your room to someone else when you won't be there. Most aren't keen on the idea but some are cool with it so it's worth a try! That's what I did the last two summers, but it looks like I'll have to pay this time round.
    • Thread Starter
    Offline

    17
    ReputationRep:
    (Original post by Altocirrus)
    Ask the landlord whether you can sub-let your room to someone else when you won't be there. Most aren't keen on the idea but some are cool with it so it's worth a try! That's what I did the last two summers, but it looks like I'll have to pay this time round.
    Oh crap I forgot that if the lease starts in June I'll have to have money there to pay up until I stay there in September :eek: ****. I'll have just enough to cover the deposit before I get my loan in September, nvm two months extra rent :bawling:..I might just ask to do what you've said!
    Offline

    15
    ReputationRep:
    Mine was only £200! But rent is £66 so maybe thats why..
    • Thread Starter
    Offline

    17
    ReputationRep:
    66£ rent... :indiff:
    • Thread Starter
    Offline

    17
    ReputationRep:
    (Original post by beffnee)
    Mine wasn't anywhere near that We had to pay £225 deposit and £125 admin fee when we signed the agreement - £350 total. Although, that said, my rent is a lot less than yours - pretty much halved (£72 a week) so if you take that into account, I would say it is about right.

    Also, I think most places have the lease begin in June - in any case you will have to pay for 12 months, so whether your lease begins in June or September, you will still have to pay the summer on the other end so does it make much difference?
    Sorry to drag up such an old thread!!

    Did you find your accommodation through an agency? I've seen agencies that say they require 50£pp admin fee and two weeks deposit, but is that on top of the month or so deposit that landlords usually want?
    Offline

    8
    ReputationRep:
    (Original post by mel0n)
    Sorry to drag up such an old thread!!

    Did you find your accommodation through an agency? I've seen agencies that say they require 50£pp admin fee and two weeks deposit, but is that on top of the month or so deposit that landlords usually want?
    We haven't paid any actual rent yet, just the deposit (which is the equivalent of around 3 weeks rent) and the admin fee. So no, it's not on top of another deposit as well. Ours is not through an agency, just a landlord with only a couple of houses, but the admin fee is for processing something or other... I don't really know what. Sorry if this doesn't answer your question, I was a little confused what you were getting at,
    Offline

    15
    ReputationRep:
    (Original post by mel0n)
    Sorry to drag up such an old thread!!

    Did you find your accommodation through an agency? I've seen agencies that say they require 50£pp admin fee and two weeks deposit, but is that on top of the month or so deposit that landlords usually want?
    Yeah, agencies usually put an admin fee on top of the deposit landlords already want. Its better to go directly through the landlord if you can.
    • Thread Starter
    Offline

    17
    ReputationRep:
    (Original post by Shelly_x)
    Yeah, agencies usually put an admin fee on top of the deposit landlords already want. Its better to go directly through the landlord if you can.
    Is the housing deposit and first month rent upfront seperate? Oh God this means that it'll be about 900£ up front :eek:
 
 
 
The home of Results and Clearing

1,203

people online now

1,567,000

students helped last year

University open days

  1. Bournemouth University
    Clearing Open Day Undergraduate
    Fri, 17 Aug '18
  2. University of Bolton
    Undergraduate Open Day Undergraduate
    Fri, 17 Aug '18
  3. Bishop Grosseteste University
    All Courses Undergraduate
    Fri, 17 Aug '18
Poll
Will you be tempted to trade up and get out of your firm offer on results day?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.