Applications for the LSE Rent Guarantor Scheme are now welcome.
The School has recognised the need for such an initiative following the increasing trend of landlords/agents to ask for a UK based guarantor, or alternatively up to six months rent in advance. It is hoped that a School sponsored RGS will give LSE students a more competitive edge within the London rental market.
Who will be eligible?
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Any continuing, full time registered LSE student of international status
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Any student who has lived in an LSE residence in a previous year, subject to the approval of the warden, and does not have any outstanding debts with the School as of 10 June 2016.
What will the RGS cover?
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Property to be covered must have been sourced via LSE Student Pad or the University of London Housing Services Property Database
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Monthly rent covered not to exceed more than £720.00 per single application
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Rent covered would only apply for a period of the tenancy where a student’s status remains as full time and registered
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Contracts of one year in duration. Contracts of any longer than one year will not be eligible.
How will the RGS operate?
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The RGS will be run by the Residential Services Office (RSO)
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Students interested in the RGS would be required to complete an online application
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The RSO will assess each application against eligibility criteria
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Successful applicants will then be contacted by the RSO and will be required to pay an administrative fee of £50.00 each
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The RSO would then contact the landlord/agency directly and provide an LSE Letter of Guarantor
Responsibility of Student
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Students are responsible for having their tenancy contract checked in advance of signing
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The SU-Advice Centre and University of London Housing Service offer a free contract checking service
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The tenancy agreement must be signed by the tenant and Landlord or Agent
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LSE will not co-sign or act on behalf of the tenant in the contract agreement
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Students must pay their rent at the agreed periods of the contract
Responsibility of LSE
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In cases of rental defaults, the Landlord/Agent should contact the LSE direct as per the terms of the Letter of Guarantor
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LSE will cover the rent direct with the Landlord/Agent as agreed within the terms of the Letter of Guarantor
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LSE will then invoice the student concerned to recoup monies paid as per the terms of the Letter of Guarantor
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The normal LSE debt chasing procedure will apply to unpaid invoices
Where can I apply?
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If you feel that you match all the above criteria, you are welcome to complete the online application form through the link below
Apply Now