Once the application has been completed the tenancy agreement will be drawn up. All tenants will then be contacted to sign up the agreement for the tenancy.
All reservation fees are taken through Lancaster Student Lettings when signing the tenancy.
NOTE ON PAYMENT OF RESERVATION FEES / DEPOSITS:
The reservation fee amount will be £200 for every student who has a UK guarantor. This fee will later be used as your deposit against the property. Students with non-UK guarantors will either pay a reservation fee or will instead pay a fee to Housing Hand who will act as their guarantor for the duration of the tenancy. More information on Housing Hand can be given by one of our team if required.
We take all deposits as Reservation Fees (Non-refundable) until such time as the paperwork is fully completed (tenancy signed by all tenants and completed by agent and guarantor forms completed by guarantors and return to us), at which point it becomes a Tenancy Deposit and we register it with the My Deposits Scheme. You will be issued a certificate in your welcome pack when your tenancy commences.
Once the Reservation Fees has been received, the tenancy agreement must be signed by all tenants within 7 days, unless other arrangements have been agreed.