A Safe Deposit Box can have between 1 and 4 people attached to it. (The first 2 renters are free and thereafter there is a £25 charge per additional renter)
For example, there could be:
1) a Primary Renter, a Joint Primary Renter and 2 Secondary Renters
2) a Primary Renter and 3 Secondary Renters.
3) a Primary Renter
4) a Primary Renter and a Joint Primary Renter
There is an important difference between a Joint Primary Renter and a Secondary Renter which is especially relevant in the event that the Primary Renter should die.
In the event of the Primary Renters death:
- a Joint Primary can assume the role of Primary Renter and continue to access the box and can appoint a new Joint Primary.
- a Secondary Renter will not be permitted any further access to the box until probate is granted.
You can nominate one other person to be a Joint Primary Renter on your box. This means that they have identical rights to you over the box (joint and several liability) and both parties sign the Agreement with St James Safe Deposit.
Please note that where you have a Joint Primary Renter then either of you can take the following actions without the other being present:
a) upgrade or downgrade the box
b) instruct for the box to be drilled open if the key is lost or mislaid
c) issue notice to terminate the Agreement
d) add or remove a Secondary Renter
e) access/ and or remove the contents of the Box independently of the other.
It is important to note that neither a Primary Renter or a Joint Primary Renter can be removed from the Agreement without both parties being present at our offices.
Any person who you wish to nominate as a Joint Primary Renter or Secondary Renter will need to visit our vaults with you (the Primary renter) and provide full proof of identity and proof of address to be registered onto our system.
A secondary renter has restricted rights to the box in that he can only access it if supplied with a key by the Primary Renter. He is unable to take any of the actions described in a,b,c,d (noted above).
Only one key is provided in Manchester (2 in Leeds) and it is up to the Primary Renter to decide who has access to the key.
Please note that nobody under the age of 18 can be registered to use a safe deposit box.