Foundry 1

Cancellation Policy:- 

1. Cancellation cooling off period(s)

If you choose to cancel your booking with Property, you have 7 calendar days acer signing your AST to do so. 

If you made your booking fewer than 7 calendar days before your AST start date you may cancel your booking up until the day prior to your tenancy start date, without incurring penalty.

You may request to cancel your booking by sending an email or contacting your property management team. 

Property will refund your deposit within 10 working days of accepting your cancellation. International bank transfers can take longer to process funds and incur a transfer fee.

2. Cancellations after the cooling off period(s)

Any requests outside the above period will require you to find a student to replace you, who in turn will need to complete the AST and paid their deposit via Stu Rents. Once they have passed the 7 day cool off period you will be released from the tenancy.

3. Cancellations after you have moved into the accommodation

You must speak to your local Property Manager if you are thinking about leaving your accommodation. If you do decide to leave your accommodation during your contracted term, the landlord may agree to release you from your contract, providing the conditions set out below are met: 

-You find a suitable replacement (who must be enrolled as a full-*me student at a local university or college) to take a new tenancy agreement for your room for the remaining period of your contract.

-The incoming tenant must sign an AST with Property, providing the relevant requested documents, and where relevant also providing a suitable UK Guarantor.

-Refunds due will not be processed un*l the incoming tenant taking over the contract has signed the AST, paid and moved into the accommodation

Please note that you will be charged for the length of stay you occupied the room, and for any different in rental amount between yourself and the replacing student (if applicable).

If you fail to find someone to take over your tenancy, you and your guarantor (if applicable) will be responsible for paying the full rent un*l the end of your contracted me at the accommodation.

4. Cancellations by Property or the Landlord

Their terms and conditions require you to sign your AST within the period specified on your electronic AST. If you and your Guarantor (if applicable) fail to sign your AST within this timescale, your AST will be automatically cancelled. If for any reason Property is not able to offer you accommodation once your AST is fully signed, they will contact you as soon as possible detailing the reasons why, or offering an alternative solution. If they cannot offer an alternative, or the alternative is not suitable, they will refund all monies paid to Property

5. First-year students who do not get a place at university: No Place, No Stay

This offer is applicable to undergraduate first-year students only. If you are a prospective first-year undergraduate student, and your offer of a place at your preferred university/higher education institution is withdrawn as a result of not achieving the required entry grades, you will be eligible to receive a refund of your deposit

You may also be eligible to cancel under No Place, No Stay if you choose to go to a different university in a city that does not have availability in a property because you have exceeded your expected grades. 

To cancel under No Place, No Stay, you must supply either;

(a) a copy of a written rejection  from your chosen university/college or UCAS, which confirms that the results

you required for acceptance were not achieved; or

(b) a copy of the proof of acceptance to a new university by UCAS adjustment.

This must be received by Property or directly to your property management

team) within 5 calendar days of the date on which your results are published. On receipt of the required documentation,

the agreement will be cancelled with a refund of your deposit.

6. Visas

If your Visa has been refused then you will need to contact your accommodation team within 5 days of the refusal with the

evidence of the refusal in order for your cancellation to be processed and deposit refunded