Student Rental Market News

Leicester's Rental Landscape

A useful insight into how Leicester's rental landscape has taken shape over the last few years.

Written by: First 4 Lettings

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An Idiots Guide to Student Lettings

A helpful guide detailing the things to look out for when exploring the student rental market...

Written by: First 4 Lettings

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Why Students Choose Leicester

Leicester is a popular city for students due to a variety of reasons. It has two highly ranked universities, the University of Leicester and De Montfort University, which offer a wide range of academic programs and research opportunities.

Written by: First 4 Lettings

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Leicester Student Rental Market

The student rental market in Leicester is highly competitive, with a large demand for terraced houses in particular. These properties are popular among students due to their proximity to the city's universities and colleges, as well as their relatively low cost compared to other types of housing.

Written by: First 4 Lettings

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Fees

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PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.