Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
Deposit
What it is?
You may have to pay a security deposit (or holding deposit) to the landlord or agent to reserve the property. Legally it can be no more than one week’s rent.
Why it’s important?
Usually, you get the money back if the landlord decides not to rent to you. But, if you pull out, the landlord may keep the money.Contact the agent for more details.
EPC rating
Where does this data come from?
We mostly rely on estate agents to provide this information, otherwise, EPC data is provided by the UK Government.
How up-to-date is this data?
Government EPC data is usually updated 2-4 times a year.
What if this data is out of date?
Please contact the estate agent to update an EPC certification.
Council tax band (England, Scotland, Wales)
Council tax is payable on all domestic properties. The amount you pay depends on the tax band. You can check the charges for each tax band online via the following websites:
England and Wales - https://www.gov.uk/council-tax-bands
Scotland - https://www.saa.gov.uk
You may have personal circumstances that mean that you pay a reduced rate. You can get more information from the local council.
- Flats
- Driveway parking
About this property
Rooms to rent in 4 bed flat
500 yards from ntu Campus
Bills Included
Internet Included
Well situated student flat share
Available 11th September 2024
Starting from £105 pw inc bills
50 Week Lease
£500 Deposit
1 En-suite bedroom in Student Flat, located in city center available for the 2024/25 academic year.
£105 pp pw including bills with en-suites in each room.
End of Tenancy Clean included
Property located just a 5 minute walk 500 yards from Trent University campus.
Please call fhp Student Living on opt 4) to start your application!
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