24 Station Street, Walsall, West Midlands, WS2 9JZ

01922 669996

Mon - Fri: 9am - 5:30pm
Sat: 9am - 2pm

Cannock Road Chase Terrace, Burntwood
Monthly Rental Of £750

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iLove homes estate agents are offering for rent this extended and thoughtfully refurbished three bed house in Chase Terrace. The property is conveniently located for a large selection of shopping facilities, restaurants, public transport services to neighbouring areas and the M6 toll road. The town of Burntwood provides schools for children of all ages including Chasetown Primary School, Springhill Primary school, Chase Terrace primary School and Ridgeway Primary School. Secondary schools include Chasetown High School and Chase Terrace High School all within close proximity to the property.

The well maintained internal accommodation briefly comprises of; front sitting room, open-plan fully fitted kitchen/dining room, downstairs WC, three bedrooms set over 3 floors, en-suite to master bedroom and a family bathroom. Externally, the property benefits from a gravel driveway for off street parking, single garage, large rear garden, double glazing and gas central heating.

For viewings contact iLove homes on 01922 669996.

Pets not accepted.

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 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.

Cannock Road Chase Terrace
Burntwood WS7 1JR
County: Staffordshire
Sale Type: Let STC
Ref #: 00000577
The Property Ombudsman Trading Standards Deposit Protection Scheme Rightmove Zoopla OnTheMarket UKALA