Letting agency and landlords club together to fund rent discount for students

An unusual scheme in Leciester has been organised by a lettings firm in the city to use its projected company profits for this year, along with donations of £5,000 from its landlords, to help out struggling students.

Sulets, which has its sole branch within the city’s DeMontfort University campus, says it is doing everything it can to help out its student tenants.

In late January the agency revealed that its tenants were to receive an undisclosed but substantial rent discount equivalent to four weeks’ rent, as many were no longer living in the city and studying virtually.

Impact on students

“We are very aware of the impact that the current lockdown is having on students,” says its CEO Irving Hill.

“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.”

These discount have been financed from Sulets’ own project surplus for the fiscal year.

But Hill and his colleagues also reached out to their Premium Service landlords and many of these have now offered to chip into the fund as well, so far adding £5,000 to the pot.

“This is welcome news for all stakeholders and promotes landlords in a more positive light, particularly with endless negative press regarding landlords over the years,” says Hill (pictured).

“Sulets would like to thank all landlords who have been in touch and donated to the discount scheme. It goes hand in hand with the Sulets mission and values to raise student housing standards while being fair and transparent.”

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Letting agency and landlords club together to fund rent discount for students | LandlordZONE.