A Midlands not-for-profit student lettings agency is giving a rent discount to students who live in its leased houses.
The offer comes from Sulets, a not-for-profit charitable trust providing accommodation for students in Leicester.
The charity says it has no hidden charges with all surplus from rents on its purpose-built homes being reinvested in the company “or in the student experience.”
Sulets will be applying a discount to the overall rent for nearly 250 students this academic year. For most this will be equivalent to four weeks rent being paid for them.
Sulets says it’s been able to achieve this through prudent cash flow management and ongoing financial control.
In the first lockdown period in the spring of last year, Sulets took similar action and released over 250 student tenants from their final rent payment. On that occasion the financial burden was shared with landlords. This time the full economic impact will be taken on by the charity.
Sulets chief executive Irving Hill says: ‘We are very aware of the impact that the current lockdown is having on students. As an educational charity, with a clear mission to do the best for students, we are committed to helping where we can at this time, as we did in 2020.
“The money we are using to provide this discount would normally be used to build the resources that we need to continue to provide a high-quality service for students in Leicester. We are able to do this because we run an efficient operation that ensures we can react positively in times of unexpected hardship for our student tenants.”
This post has originally been featured in Letting Agent Today.