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Deposit and Lease

HOW TO SECURE A ROOM

First contact us as described on our Contact Page. If we can offer you this room, we will let you know immediately. There is a sample lease on this website. If you wish to reserve the room for September, we will prepare a lease and scan it out to you. We are happy to take any enquiries about the lease you have received. Download, sign and return: within five days is acceptable. A deposit of £700 will then be required. The Deposit secures the room for you.  

 PLEASE BE MINDFUL THAT OTHERS MAY BE WANTING THE SAME ROOM

This deposit is returned at the end of the lease.

The first rental instalment is also required before entry.

The deposit is sent to Safe Deposits Scotland at the start of the lease: www.safedepositsscotland.co.uk

 

HOW TO PAY THE DEPOSIT

Please ask us for the bank details, then transfer the deposit to the given flat account. All William Caola bank accounts for these properties are held with Clydesdale Bank, Edinburgh. Do not send money elsewhere. You must ask at your bank to pay all the international transfer fees, otherwise we will not receive the correct amount. Transferwise.com is a good way to pay from outside the UK..Make sure to name your transfer, so we can identify you.

If we receive less than the full deposit due, we will ask for the balance when you arrive at the beginning of the lease as we always send the full deposit to Safedeposits Scotland.

 

SIGNING THE LEASE

The lease will cover you for the time in the property. You will be responsible for paying the rent for every month of that period. Therefore our rooms are only suitable for students on 12-month courses who can and will be in Edinburgh during this period. Make sure you are happy about this before entering into an agreement with us.

We will scan  the lease and send electronically to your e-mail address given. We can send an additional printed copy on request. The legal documentation regarding tenancies is part of this lease. A parental guarantee form is also included and a form stating the length of your stay anticipated  You will be asked to sign these and return one copy to us. A masterlease will be signed by all the tenants on arrival, or before, in accordance with the Scottish Housing Act.

This joint lease is produced by the Scottish Government and suitable for houses in multiple occupation where tenants are not related. It has been checked and approved by them as part of the HMO licensing procedures.

Sample Tenancy Agreement AVAILABLE TO DOWNLOAD HERE