Security Deposit and Administration Fee 💶
Exchange students are required to pay a deposit and an administration fee before arrival.
Deposit:
Shared apartments: 300 €
Studios: 400 €
Administration fee: 135 € (non-refundable)
The deposit serves as a guarantee that tenants will fulfill their obligations and take good care of the apartment. Paying the deposit results in a binding tenancy agreement. The administration fee will not be refunded.
Instructions for paying the deposit 💳
After making a Homerun reservation, you’ll receive an invoice for the deposit and administration fee. To confirm your housing, pay the deposit by the due date on the invoice. All the information you need for the payment is provided on the deposit invoice that is sent to you after the Homerun reservation. Important: Use the reservation number provided on the deposit invoice when paying. This is crucial for registering your payment.
Payment options
- International Bank Transfer: Use the details provided on the deposit invoice. If unsure, ask your bank for assistance.
- Online Money Transfer:
- Recommended for payments outside the SEPA (Single Euro Payments Area) region.
- Visit: psoas.transfermateeducation.com
- Complete all required payment information
Deposit refund 💸
The deposit will be refunded within one month after the end of your lease. For example, if your agreement ends in May, the deposit will be refunded during June. Exact date for the refund cannot be provided. To receive your refund:
- Fill out the deposit refund form with your banking details.
- Ensure you’ve met all conditions:
- All payments have been made
- The apartment is in good condition and cleaned according to instructions
- Furniture is in place
- Keys have been returned to PSOAS
Note: Failure to provide bank account details in time may delay the refund.
Potential deductions
The following may be deducted from your deposit:
- Cleaning costs (minimum charge: 50 €)
- Costs for removing items left in the apartment
- Unreturned keys
- Outstanding payments
- If the bank account is located in a non-SEPA country (Single Euro Payments Area) the Finnish bank will charge 30 € for the international transfer. The receiving bank may also charge for the transfer. Please be aware that due to these fees, the final amount received may differ from the original deposit amount, even if PSOAS makes no deductions.
PSOAS offers rental apartments for students in Oulu
Learn more about the apartments and areas and fill in the application. PSOAS has shared apartments, studios and bigger apartments.
Read more about the student life at PSOAS and get to know the facts about living, applying and moving in.
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