The rent period for semester 1 & 2 under the Residential Agreement is 39 weeks long (13 February 2021 to 13 November 2021). Where a resident resides at the Hall for semester 1 only, the Residential Agreement is for 19 weeks or 13 February 2021 to 26 June 2021 (one week into the mid-semester break). The accommodation period for semester 2 is 20 weeks or 26 June 2021 to 13 November 2021. Residents may also stay at the Hall for all or part of the summer (a.k.a semester 3). Rent is reduced when residents stay at the Hall for 4 or more weeks during the summer.

The rent fee includes room rental, power, use of our facilities and access to the services and events available at Fergusson Hall.

If you think that the information in this booklet seems reasonable and that you are able to live within these guidelines and rules, then you are just the type of person we are looking for. That is, someone with a reasonable degree of maturity and an ability to show consideration for the needs of other people as well as yourself.

Bonds

All residents are required to pay a bond in order to stay at Fergusson Hall. At the end of the year any loss or damage for which a resident is personally responsible will be deducted from their bond, as well as any unpaid fees. A further sum may also be deducted to cover the money spent on losses or damage for which no one claimed responsibility. The balance is transferred into your nominated bank account; this payment is made in December. Any resident who is suspended or expelled will forfeit the whole of their bond.

Unpaid Accounts

The following actions will be taken when rent is overdue:

•  3 weeks overdue – A 10% penalty will be applied to accommodation fees that remain unpaid.
• 4 weeks overdue – Next of kin or financial guarantor will be contacted.
• 5 weeks overdue – Debt collection agency will be contacted.

Where unpaid accounts are referred to a debt collection agency, residents should be aware that this may result in a blemish on their credit record. Actual collection fees charged by the debt collection agency will be passed on to the resident concerned.

Payment of Accounts (Online Banking)

At the end of January, you will be sent an invoice. Rent can be paid by Instalment or by Bank AP. You will be asked to select one of the payment options and arrange your payment(s) by the due date. Please ensure any bank payments include your name and resident number as a reference. The Fergusson Hall Bank details are:

International Payments can be made by International Bank transfer (sending and receiving bank fees apply).

Bank: ANZ;

Branch Address: Cnr The Square & Broadway Ave., Palmerston North 4410;

Account Name: Presbyterian Educational Purposes Trust;

Account Number: 01 0745 0022570 00;

International Swift Code or BIC code: ANZBNZ22;

Swift Code Address: 170-186 Featherston Street, Floor 10, Wellington 6011, New Zealand;

IBAN number: 010745.

a) If paying by instalment, rent for each semester can be paid in one or two instalments. The first of these instalments is due by Saturday 30 January 2021.

b) If paying by weekly or fortnightly Bank AP you will need to set this payment up with your bank using the information we send to you in January. You will have the choice of paying your rent in full each week or fortnight, or paying a lump sum prior to the start of the semester and then setting up a Bank AP for $130 per week. This may help you budget during each semester more easily. Your first Bank AP payment is due on Saturday 30 January 2021. Your last Bank AP will be on Saturday 23 October, 2021.

Residents have the option of making direct transfers into the Hall bank account. We do not have EFTPOS or Credit Card facilities at the Hall.