Morden Road, Mitcham
Monthly Rental Of £1,550

iLove homes® are offering for rent this well proportioned and completely refurbished two bedroom flat to let in a purpose built building in Mitcham. The property has been recently repainted throughout, consists of two good sized bedrooms, both with in-built storage, a brand new bathroom with shower over bath and a separate kitchen with large fridge freezer and washing machine. The property further benefits from allocated parking.

The apartment is situated in a popular development with landscaped communal areas and parking. Local amenities and a good road and public transport link to the surrounding areas are easily accessible, with bus routes and Mitcham Tram stop only a few minutes walk away.

**BY SENDING AN EMAIL REQUEST TO VIEW THROUGH A PROPERTY PLATFORM YOU ARE AGREEING FOR US TO PASS YOUR DETAILS TO THE LANLDORD DIRECTLY (OR THEIR REPRESENTATIVE). IF YOU DO NOT WANT US TO PASS YOUR DETAILS DIRECTLY TO THE LANDLORD, PLEASE CONTACT THE OFFICE CHOOSING OPTION 2 OR 3 ON THE MENU OR SEND AN EMAIL**

Nearby Services
Closest primary school: St Peter and Paul Catholic Primary School (520 yards)
Closest secondary school: Harris Academy Morden (half a mile)
Closest GP: Ravensbury Park Medical Centre (410 yards)
Closest hospital: Wilson Hospital (770 yards)

Viewings
Viewings are strictly by appointment only. We request that your initial enquiry to view will be through portal advertising. We are working incredibly hard to assist as many people as possible to find their new home. However, due to unprecedented demand for properties, we can only book you a viewing slot when one becomes available and full access has been established.

Photography
Please be advised that some images included in our marketing materials feature virtual staging techniques designed to illustrate the property’s potential appearance; these digitally altered images do not represent its current condition

Money Laundering Regulations
Prospective tenants will be asked to produce photographic identification and proof of residency once a deal has been agreed in principle.




Holding Deposits
Holding deposits will be limited to a maximum of 1 week's rent and subject to statutory legislation on the repayment of this should the tenancy not go ahead. Briefly, this is proposed to be:
1. The landlord has 15 days to make a decision once a holding deposit is taken.
2. If the tenancy does not go ahead then the money must be repaid in full within 7 days of the deadline being reached or the landlord backing out.
3. Repayment does not need to be in full if the tenant backs out of the tenancy agreement themselves, fails right to rent checks, has provided false or misleading information, or where the landlord tries their best to get the information needed but the tenant fails to provide it within the 15 days.
4. If the tenancy does go ahead, the holding deposit must be returned within 7 days of agreement, unless it is converted into part payment of the actual deposit or used towards the initial rent payment.

Deposits
Deposits will be limited to 5 weeks rent as a maximum amount for tenancies where the annual rent is below £50,000.Landlords should bear in mind that deposits are considered to be taken at the start of every new tenancy. As such, if they renew the tenancy on or after June 1st 2019 then they should make sure that their deposit is not more than 5 weeks rent (6 where the annual rent is £50,000 or more). If it is, then any amount above the limit should be returned.

Breaches of the tenancy agreement (damages)
Where the tenant has breached their tenancy agreement and caused damage as a result, then landlords may still seek compensation via deductions from the deposit or court action. They should also be able to leave clauses in their contract stating that the landlord may seek their costs for damages.

Breaches of the tenancy agreement (default payments)
Landlords are allowed to charge for two types of default payments - loss of keys and late payment of rent. Both are subject to restrictions.
For the loss of keys, landlords are allowed to charge the reasonable cost that they can evidence in writing. Anything landlords cannot evidence in writing with receipts will likely be considered a prohibited payment.
For late payment of rent, landlords and agents may only charge 3% above the Bank of England base rate in interest on the late payment of rent from the date the payment is missed. At the time of writing this would be 3.75% interest. They may not charge for sending reminder letters.
How to calculate interest on the rent
The calculation is (rent amount in arrears) x 0.0375 / 365 x (the amount of days since the arrears began).

Changes to the tenancy
While most costs related to assignment or surrender of a tenancy are prohibited, landlords and agents are still allowed to charge certain small sums to tenants if the tenant requests a change in tenant or an early surrender.
Where the tenants have requested a change in the tenancy (such as swapping tenants), the landlord may charge a fee of £50 for the change or the costs incurred. Landlords and agents will be able to charge the equivalent of the rent lost due to the unforeseen void period. As the void period may not be clear at the point of charging many landlords and agents will likely start to regularly refuse tenants looking to surrender early as a result.