Choice of contracts | CODE Leicester

Choice of contracts

Giving you options

Here at CODE, we like to give our tenants options. 

That is why we offer two kinds of contracts, depending on how you want to pay for your electricity – our "Electricity Excluded" contract – or our “Electricity Package” contract for £15 extra per week.

  • "Electricity Excluded" contracts – you will be billed monthly for the number of electricity units used and your daily standing charge.
  • "Electricity Package" contracts – your “package” means your daily standing charge and unit use is paid for the duration of your contract up to a set amount (£720 for 48 week contracts and £765 for 51 week contracts). The majority of students find that with careful use this sees them through the year*.

*We want to clarify that we cannot predict your usage, but our utilities will let you know what % of your package you have used each month.

What other bills are included in your rent?

Water and Wi-Fi are all included in the price of your rent.

Our rooms don't have any gas (your oven, hob, and water heater are electric) so there's no need to worry about that.

You don't need to do anything to set it up. We deal with utility suppliers on your behalf. We also monitor your electric use via our meters and will update you.

Other things to consider

Contract lengths

At CODE you can choose between a 48-week or 51-week contract. 

Our 51-week contract is popular with international students who want to stay in the UK for the whole year – even when they do not have university classes. 

Because our accommodation is so affordable, your total cost can still work out cheaper than living elsewhere with a shorter contract.

Option to renew your room

If you are studying for more than one year, you can also stay in the same room! We'll give you the first choice to renew your contract. 

What's better, if you renew, there's no need to move out over the Summer or find storage space for your belongings. Just keep hold of your keys and use the room rent-free during those extra weeks (we will only charge you for your electricity).

Payment options

We offer three ways to pay.

4 instalments2 instalmentsPay in full
If you know someone who is a homeowner in England (including the Isle of Wight or Isle of Man), Wales or the Channel Islands, and is willing to be your Guarantor, you can pay your rent in 4 easy instalments. If you do not have a Guarantor, we will split your rent into 2 payments.   If you would like to pay your rent in one lump sum, that is not a problem.

If you are on a 4 instalment plan your payment dates will be:

  • 24th July 2026
  • 24th October 2026
  • 24th January 2027
  • 24th April 2027

For a 2 instalment plan your payment dates are:

  • 24th July 2026
  • 24th October 2026


This is open to all residents but is a popular choice with EU or International students.

Your full payment should be received no later than 24th July.

 

The easiest way to pay is via your student portal (which is set up once you have made a booking) but we also accept payment by most leading debit/credit cards. If you prefer to pay via a bank transfer, we can also arrange this but please note, that your bank may charge for this service.

If you make your booking after 24th July we will ask for your first rent payment as soon as possible.