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In his first year, he lived lake resorts wi a minuscule room in university-owned halls of residence, but describes himself as being the happiest kid on Earth. When I applied for halls I got what I wanted and never thought anything of it, he says.

But one of my friends ended up having to move into a privately-run development because there were no university rooms left and boutique hotels and resorts of bc he didnt know anyone he could share a house with.

His rent was more than 700 a month and he said that, as a result, his first year was a massive financial stress for him and his family.Student co-ops open their doors to tackle sky-high accommodation costs Students in a room at a boutique fairmont resorts and hotels hotels and resorts of bc Cass and Claredale hall of residence. 'In some areas of the country living costs are outstripping student loans'. Photograph: Cass and Claredale T he start of the academic year will see five students move into Sheffields first student housing co-operative: a property with cheap rent, no letting agent fees and no landlord.

It sounds appealing, and the founder members of the Sheffield Student Housing Co-operative (SSHC) are pitching it as a way for a handful 5 boutique hotels and resorts of bc star resorts in michigan of students to not only escape sky-high costs, but to make a student house a real home where democracy rules. Housemates living in the co-operative amelia island hotels and resorts will manage the property themselves and pay 69 a week around half the rent charged for some university-run accommodation in the city.

SSHC is part of a growing co-operative movement which aims to tackle the student affordability crisis. In some areas of the country living costs are outstripping student loans, family beach resorts and Shelter says half of students are struggling to pay their rent.

According to student housing charity Unipol, student rents rose 25% between 2010 and 2013 as universities sold off their own low-rent stock and private companies built luxury accommodation, while the National Union of Students has described the cost of housing as being at an absolute crisis point.

A housing co-operative isnt a new idea, but they are still relatively rare.

And student versions even more so: the boutique hotels and resorts of bc Sheffield one is thought to be only the UKs third, following similar set-ups in Birmingham and Edinburgh.

The co-op, an incorporated body at Companies House, controls the property, and for the time they live there residents become members of it. Effectively, the housemates are both landlord and tenants, living in the property but also collectively managing it, setting the rent, managing the houses finances and making democratic decisions about the propertys upkeep.

There is no profit the income from rent goes towards paying off the mortgage and maintenance costs.

SSHC was set up by Roy Clutterbuck, James Risner and Rosie Evered with the john q hammons hotels and resorts objective of providing cheaper and better accommodation than private landlords.

What started as a dissertation project has taken three years to become a reality, and none of the founder members will be moving into the property - they have all graduated and moved lamai resorts away.

The members will have to work closely together to build up information prefered hotels and resorts systems to pass on hotels and resorts in lonavla to the next members Roy Clutterbuck The trio have spent the past year handing over the co-operative to housemates who will move in to the five-bedroom boutique hotels and resorts of bc terrace at the beginning of the new term.

The rent is roughly in line with that charged by private landlords in the area, but there are no other fees to pay and full control over the property.

We are being extremely careful with our estimates and projections, Clutterbuck says. The most important thing is to prove that we are financially sustainable, so we are playing it on gold coast resorts and hotels the safe side by setting extra money aside in anticipation of unexpected costs.

One of the key benefits of a co-op is the transparency of the finances.

The members manage the houses finances themselves, and the long-term plan is for other properties to be purchased later on.

However, the advantages of living in a co-operative arent just financial.

Democracy rules, and members have a say in how the house is decorated, furnished and maintained.

To get to the point where students can move into the house, SSHC has needed help from various bodies.

Perhaps unsurprisingly, the group werent able to get a mortgage.

Instead, The Phone Co-op, a boutique hotels and resorts of telecoms bc company owned and run by its customers, purchased the house and is leasing it to SSHC.

The long-term plan is for it to build up its own financial track record then purchase the property from The Phone Co-op.