Boswell Posted April 30, 2011 Report Share Posted April 30, 2011 I put a deposit of £250 down on a room in Plymouth for Sep 2011 but I now feel that I won't make the second year. Do I just lose my £250 or will I legally have to pay £3000+ for the entire contract? Quote Link to comment Share on other sites More sharing options...
Si-man Posted April 30, 2011 Report Share Posted April 30, 2011 Would have thought it would be a case of you losing the deposit and that's it like most rentals. You have given them plenty of notice and time for them to find a new tenant. Quote Link to comment Share on other sites More sharing options...
Shaun H Posted April 30, 2011 Report Share Posted April 30, 2011 Depends what kind of contract you've signed. If your parents have signed as guarantors then yourself or them will have to pay the rent until a replacement is found. Quote Link to comment Share on other sites More sharing options...
JT! Posted April 30, 2011 Report Share Posted April 30, 2011 If you were to be made to pay rent then what would be the point in having a diposit? Say you no longer want it anymore, say bye bye to your 250. Quote Link to comment Share on other sites More sharing options...
Boswell Posted May 1, 2011 Author Report Share Posted May 1, 2011 I did do this but the contract doesn't start for five months. Quote Link to comment Share on other sites More sharing options...
Max Quinn Posted May 3, 2011 Report Share Posted May 3, 2011 If you were to be made to pay rent then what would be the point in having a diposit? In student houses though deposits are looked on more as being about covering your treatment of the house rather then as an actual deposit on your moving into the house. You also sign contracts that say you will be moving into the house and able to pay the rent, if you're not then your parents or whoever you've put on your guarantor (you have to have one) become liable. Student landlords/letting agents will do anything to be able to charge you more admin fees etc. The nicer ones will allow you to back out and lose your deposit, no longer being liable for the rent, but in a lot of contracts they don't legally have to, and you have to pay the rent until a replacement can be found. Realistically though, finding a replacement shouldn't be too hard and you could easily do that before you need to start paying any rent (first rent will probably be sometime during august if you move in in September?). Quote Link to comment Share on other sites More sharing options...
Max Quinn Posted May 3, 2011 Report Share Posted May 3, 2011 (edited) ... x2 Edited May 3, 2011 by Max Quinn Quote Link to comment Share on other sites More sharing options...
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