When do I have to pay my rent?
You’ll find this information in your tenancy agreement, which you will have received and signed when you made the booking. The deadline for the first instalment of rent also depends on the date the booking was made, but will be mentioned in the contract. Alternatively, you can find the details of your payment plan by logging into your account on the landlord portal here.
How much is the rent?
This depends on what room you booked. You can find the price in the booking confirmation email you’ve received from Student.com, as well as from your tenancy agreement, and also in the landlord portal. The amount of rent you have to pay is usually listed either per week (ppw) or per month (pcm). Notice that if you pay in instalments less often than one month, you’ll have to pay more in each instalment. With iQ it’s typical that you might pay in three or four instalments for the whole academic year.
What is a deposit?
A deposit is a payment you make before moving into your apartment. The deposit will be held by the landlord and it will be paid back to you after you’ve moved out, assuming you didn’t cause any damage to the property. If there is any damage, or the property has not been properly cleaned before you moved out, the landlord has the right to deduct money from the deposit to cover their expenses of getting the property back to the condition it was in when you moved in.
For this reason, the deposit cannot be deducted from the rent. It’s usually held by a third-party deposit custodian to make sure the deposit is kept safe while you live in your apartment.
What is a booking fee?
A booking fee is a fee you might have paid to secure your room. If you have paid a booking fee, this can be deducted from the first rent payment. Note that the booking fee is not the same as a deposit, which cannot be deducted from rent, but will instead be returned to you when you move out.
How should I pay the rent?
The rent is usually paid by bank transfer, but in some cases you can also pay with a card payment.
You can find the bank details of your landlord in your tenancy agreement or the landlord portal. The rent is paid directly to the landlord, and you don’t have to pay anything to Student.com.
