G4 Lets collects rent by Direct Debit. This means that the rent will be collected on a specific date each month.
The first rent is collected one month before the tenancy starts; no rent is collected on the start date; then 11 monthly payments will commence on the second month of the tenancy.
You MUST ensure you have enough money in the bank to cover your rent payment. If your Direct Debit is rejected, you may incur bank charges.
G4Lets will charge:
- £10 for a Direct Debit being rejected
- £10 for every seven days that the rent remains unpaid
- £15 for all returned cheques
We will contact you the day after your Direct Debit is due if it bounces. We will email you with details of alternative methods of payment.
We will contact your guarantor to ask them to pay your rent if we do not have a response from you within 2 days of the rejected/late payment.
Please remember that your tenancy is joint & several. This means that if, after contacting you & your guarantor, the rent remains unpaid, we may contact your housemates and/or their guarantors & ask them to pay your arrears.
If you have rent arrears exceeding two months, G4 Lets may serve you with an eviction notice.
RUNNING OUT OF STUDENT LOAN IS NOT AN EXCUSE. You are entering a legal contract and have been made fully aware of the payments that will be due and when they will need to be paid. You cannot expect your landlord to wait for the rent if you have run out of loan. You will need to ask family or friends to subsidise you if you are short of money but you cannot expect the landlord to do so.