Home > Life at LSE > Accommodation > Private housing > LSE Rent Guarantor Scheme

LSE Rent Guarantor Scheme

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?

  • Any continuing, full time registered LSE student of international status
  • 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 2017.

What will the RGS cover?

  • Property to be covered must have been sourced via LSE Student Pad or the University of London Housing Services Property Database 
  • Monthly rent covered not to exceed more than £720.00 per single application
  • Rent covered would only apply for a period of the tenancy where a student’s status remains as full time and registered
  • Contracts of one year in duration. Contracts of any longer than one year will not be eligible.

How will the RGS operate?

  • The RGS will be run by the Residential Services Office (RSO)
  • Students interested in the RGS would be required to complete an online application
  • The RSO will assess each application against eligibility criteria
  • Successful applicants will then be contacted by the RSO and will be required to pay an administrative fee of £50.00 each
  • The RSO would then contact the landlord/agency directly and provide an LSE Letter of Guarantor

Responsibility of Student

  • Students are responsible for having their tenancy contract checked in advance of signing
  • The SU-Advice Centre and University of London Housing Service offer a free contract checking service
  • The tenancy agreement must be signed by the tenant and Landlord or Agent
  • LSE will not co-sign or act on behalf of the tenant in the contract agreement
  • Students must pay their rent at the agreed periods of the contract

Responsibility of LSE

  • In cases of rental defaults, the Landlord/Agent should contact the LSE direct as per the terms of the Letter of Guarantor
  • LSE will cover the rent direct with the Landlord/Agent  as agreed within the terms of the Letter of Guarantor
  • LSE will then invoice the student concerned to recoup monies paid as per the terms of the Letter of Guarantor
  • The normal LSE debt chasing procedure will apply to unpaid invoices

Where can I apply?

  • 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

 

 

Share:Facebook|Twitter|LinkedIn|