Costs

Rent

The Peverel Flats is not run for a profit and our operating model is to simply pass on the rental expenses we incur.  Rent for the flats is based on market rent for the area of Riccarton. Rent includes unlimited fibre broadband. Our tenancy runs from February for 12 months. 

Bond

The bond is four weeks rent paid in advance when signing into the tenancy agreement. This is refunded at the end of the tenancy, less any deductions for damage or unpaid debts to the flat.

Insurance

Students should insure their personal bits and pieces e.g. computers, xbox/playstation, musical instruments, phones and other valuable items. The flat insurance policy will not cover the loss of students' personal items. Check your insurance policy- sometimes parents' insurance can cover a child's belongings.

Additional costs

Costs of meals, gas and electricity are shared across the tenants. If necessary we provide support on setting up a flat account and discuss ways to handle day to day flat costs.