Rent

Every tenant is personally responsible for paying their rent. The rent must be paid in advance by the 5th of each month with a personal rent payment form provided by PSOAS.

Your monthly rent includes water, electricity, Wifi, furniture and bed linen. The rent is determined by the PSOAS Board of Directors and the University of Oulu. The calculation of the rent is based on the actual operating costs. Apartments of exchange students are typically empty during the summer months and this idle cost is taken into consideration in the rent calculation.

The rent is paid monthly, starting from the month you have made the agreement for housing. Please notice that the rent is always paid for the whole month regardless of the date of arrival or the date of departure. The rent bill and instructions for paying are sent by email before your arrival. The rent bill includes all the necessary information needed for paying the rent. PSOAS has to receive the full amount mentioned in the bill so if you pay internationally, please make sure that the payment is a “full amount payment”. All bank fees must be paid by the tenant as well.

Please notice that PSOAS does not send any confirmations about received rent payments and doesn’t need any receipts of them unless requested. As long as you use your personal rent reference number, the payments will register automatically. If you are ever unsure if the rent payment has arrived, you may ask us to check of course.

Instructions for paying the rent

You can choose to make an international bank transfer or use Transfermate, an online money transfer service. All the information you need for the payment is provided on a separate rent invoice that is sent by email after signing the tenancy agreement. Please note that rent cannot be paid in cash or by credit card at PSOAS office and the rent cannot be deducted from the deposit.

International bank transfer

Please use the details provided on the rent payment form. If you are unsure how to make the payment please ask your bank for assistance.

Online money transfer via Transfermate

Transfermate is recommended if you’re coming from outside the SEPA region (www.ecb.europa.eu/paym/integration/retail/sepa/html/index.en.html).

Go to www.psoas.transfermateeducation.com and fill out all the payment details.

PSOAS bank accounts

BANK’s name	IBAN (account number)	BIC
Oulun Osuuspankki	FI15 5741 3620 0685 41	OKOYFIHH
Danske Bank	FI32 8000 1500 9075 72	DABAFIHH
Handelsbanken	FI89 3131 3001 1378 01	HANDFIHH
Nordea	FI41 1585 3000 0198 64	NDEAFIHH

Use reference number

Please use your personal rent reference number provided on the rent payment form when paying. The reference number is person- and apartment-specific and it prevents errors. If you do not use the right reference number or leave it out, your payment cannot be identified. If you cannot use the reference number please write it in the message field of the payment. If someone else pays the rent on your behalf, they must use your reference number. Please notice that the rent reference number is different than the reference for the deposit.

Pay the rent in time

Due date for the rent is always the 5^th of the month. If you cannot pay the rent in time please contact PSOAS office as soon as possible. PSOAS and the universities have the right to terminate the tenancy agreement after only one unpaid rent and can ask you to leave the apartment immediately without giving a term of notice first.

If the tenant doesn’t pay their rent and other fees by the due date, an interest is charged for the excess time period in accordance with the interest law. Around two weeks after the due date PSOAS will send a reminder letter (5 €) if the rent is still unpaid.

Problems with paying?

If you are unable to pay the rent by the due date and receive a reminder letter, please contact PSOAS office and agree on a payment plan. By setting up a payment plan it is possible to avoid the debt ending up to the collection agency.