Bangor student lettings
from
Dafydd Hardy

Jargon Buster

Guarantor

This is something that each tenant will need. A guarantor is a person that is in full time, permanent employment and will sign a contract stating that they can be contacted should you fall into rent arrears. Students tend to use a parent or family member in this case.

Referencing

We don't put any of students through referencing, unlike other agents.

Holding Fee

This will be payable once the referencing checks have been completed and is the equivalent of 1 months rent. The holding fee will secure that the property is kept for you and your group and will then transfer to your deposit once you move in.

Deposit

A deposit is held during the duration of your tenancy for any damages or arrears that occur during your stay. As long as you look after the property and use your vacuum cleaner you should get this back after you have moved out.

Summer Retainer

All student properties require a summer retainer from each student – this is usually half rent for July and August.

Completion Fee

This is our agents fee which we charge for carrying out viewings and providing contracts for both the tenant and their guarantor.