Leydon Lettings provide standing order forms to assist tenants with their payments.
These are available online on our website. STANDING ORDER FORM
Standing orders are completed and signed by the tenants.
Leydon Lettings is happy to assist student tenants to complete forms.
Students remain responsible for proper completion, checking, signing and submission to your bank.
Leydon Lettings is normally happy to deposit any form with your bank at your request.
Standing orders are submitted to your bank in time for the first payment on the list.
Standing orders normally need to be submitted for processing one month prior to the first payment listed.
Standing Order Payments will not be paid retrospectively by banks i.e. after the date for payment has past.
Thus if a standing order payment date is missed you need to pay by cheque or other method instead e.g. a first payment until the standing order is set up.
Banks willl ignore the first payment(s) if the standing order is submitted too late to process the first payment(s) on the list. But be aware that banks will still pay subsequent payments! So double check there is no existing standing order in place prior to setting up a second standing order.
In other words your subsequent payments will normally be honoured.
Therefore do check before submitting a further standing order that the original is not still operative.
Standing orders at all times remain in the control of the bank account holder: Student, Parent or Guardian.
At any point students are entitled to alter or cancel a standing order with their bank.
Leydon Lettings has no control over standing orders and no authority to talk to you bank about your standing orders.
Your bank will only pay what you have instructed hem to pay on your standing order.
If a student loan is late, students may need to ask their bank to postpone any payment to a date when there will be sufficient funds available, to avoid bank charges. Leydon Lettings are not responsible for any bank charges.
Standing orders require specific dates and amounts. These can only be varied by the tenant.
Tenants are at all times free to contact their bank: in person, by telephone or online.
Tenants are thus able to instruct their bank to alter the amount, or the date of a payment listed on the standing order, or to add a payment or cancel another. Landlords are not permitted to do this for students, you must organise this yourself since your bank would rightly not consider speaking to us about your standing order.
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