Water Reed Grove, Walsall
Monthly Rental Of £950

iLove homes® are offering for rent this modern built 2 bed terraced house located on a popular development in Walsall. Situated in a residential area on the outskirts of Bloxwich, the property is within a mile of many local amenities such as schools, shops, parks and restaurants. Furthermore this property is only 1.3 miles from the local train station and with this local bus routes and M6 close by, this property is ideal for commuters.

This contemporary property features a lounge/dining area, fitted kitchen, ground floor WC, 2 double bedrooms & first floor bathroom. Externally there is allocated parking for 2 vehicles. For viewings, contact iLove homes in the first instance.

Entrance Hall:
having front entrance door, radiator, stairs leading to the first floor level

Downstairs W.C.: 
having a low flush W.C., pedestal wash hand basin, radiator

Kitchen: 
having a range of wall, drawer and base cupboard units with work surfaces over, inset sink and drainer unit, built in electric oven, inset gas hob, space and plumbing for washing machine, cupboard housing the boiler, uPVC double glazed window to the front

Lounge/Diner 
14' 3'' x 13' 8'' (4.35m x 4.16m)
having two uPVC double glazed windows to the rear, double glazed French style doors leading to the rear garden, radiator, under stairs storage cupboard

On The First Floor 
Landing: 
having access to loft storage area, doors leading off to:

Bedroom One: 
11' 7'' to wardrobes x 9' 3'' (3.54m x 2.81m)
having two uPVC double glazed windows to the rear, radiator, built in wardrobes and drawers

Bedroom Two: 
11' 11'' to wardrobes x 8' 7'' (3.62m x 2.61m)
having uPVC double glazed window to the front, built in cupboard, built-in wardrobe and radiator.

Bathroom: 
having suite comprising panelled bath with "Triton" shower over, pedestal wash hand basin, low flush W.C., heated towel rail, extractor, part tiled walls

Outside: 
having fully fenced garden to the rear with lawn, shed and rear gated access. Parking to the front for two cars

**IMPORTANT MESSAGE**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. Please note that we cannot guarantee everyone a viewing.


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.