Deposits
Deposits
There are two deposits you will pay to secure a room with UWE Houses; the holding deposit and tenancy deposit.
Holding Deposit
The holding deposit is £50 per tenant and this is usually paid once you have viewed the room and have been invited by UWE Houses to reserve it.
The first step is to view the room and you will then be asked to complete an application form. Once we have reviewed all applications and approve your application, we will contact you and stop any further viewings of the property.
The next step is to pay the £50 holding deposit to take the property off the market and reserve the property.
Please note, if we find that false information has been supplied to support your application, such as for referencing, you will forfeit your £50 holding deposit.
Tenancy Deposit
The tenancy deposit is £300 per occupant. Your holding deposit will be refunded to you once your application has been successful. You will then need to pay a £300 tenancy deposit, which is refundable minus costs for any damage to your room and communal areas and any cleaning that's required at the end of your tenancy.
We operate an all inclusive bills and any excess over the 'fair usage' policy allowance will be charged at the rate from the utilities/service provider. These excesses will also result in deductions from your tenancy deposit at the end of the tenancy as a group charge. We will work with you to help you manage your monthly energy usage and notify when you are consistently exceeding the allowance.
We will protect your tenancy deposit with ‘MyDeposits’, which is a government-approved, Tenancy Deposit Scheme (TDS). The tenancy deposit is refundable, minus any deductions for damage to your room and communal areas, etc. , at the end of the contract.
You can pay both your holding deposit and tenancy deposits, either by bank transfer or by card, when you meet with us.
If you are paying online, the house reference (which can be found on the website for the house you are reserving e.g. ‘7 Vas’ = 7 Vassall Court) must be added to your payment to ensure it is correctly credited to you.
The tenancy deposit and the first months’ rent need to be paid before the contract start date (which is the point of commitment).