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Head-lease arrangement
Head-lease arrangement
We have a different approach to most letting agents. We let your property through a head lease arrangement meaning the University will be your direct tenant, whilst the student occupiers will be our sub-tenants. This means the University takes full responsibility for the conduct of the occupant’s tenancies, covering rent payment, tenant problems and restitution of damages.
This approach means that you can minimise risk by having all the guarantees of the University as your tenant, whilst our students have the consistency of being managed by the University with its student-focussed resources.
Fees and payments
Fees and payments
We do not charge you any fees. Our costs are entirely funded by a small margin between the head tenancy and the sub tenancy rents. We will transfer to you the agreed rent at the beginning of each month.
If we undertake additional work at your request, we will only invoice you for what we have spent, nothing added.
Part managed/ full managed
Part managed/ full managed
You can opt for a part-managed or full-managed maintenance contract.
Part-managed means you retain a landlord’s responsibility for maintenance of the property, with residents contacting you directly to report issues. We can still assist in maintenance at your request; it may be that we invoice for parts and a contribution to any maintenance staff costs.
Full-managed means that we will maintain the property for you, overseeing any issues that arise, with residents reporting them to us. We will consult with you on any significant works, getting quotations where necessary. You will be invoiced for the costs of any significant purchases (such as a replacement washing machine or visit by a gas engineer), but maintenance staff time and minor purchases will not be billed.
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