Categories: Business

The Responsibilities Of A Letting Agent

If you are thinking of letting out your house then you might want to consider using a letting agent. Most offer guarenteed ‘rent on time’ type schemes which means less work on your part.

How To Find The Best Letting Agent:
When looking for a letting agent it is imperative that you check each one out that you are interested in thoroughly as with anything in this world there will be good ones and bad ones – you just need to do your homework and due diligence to ensure you pick the one that you feel comfortable with and feel will do the job to the best of their ability with your property as their primary concern.

The role of a good letting agent is to ensure that they find you a suitable tenant and then run any background and credit checks to ensure they fit the bill.  Normally they will run through a full inventory check with you at the properly and ensure that the electrical and gas services have been fully serviced and are operating in a correct fashion. Depending on the level of service you select with them they may also be responsible for ensuring that the rent is paid in a timely manner and that they deal with any other issues that may arise around the property during the rental period.

Always make sure that when making your initial search that you run a comparison with a few others around the area so that you can get a good idea of which ones are providing a good service, what each ones are charging – so that you don’t get overcharged, which ones have the best reputation and then you can make an informed decision from there.

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Good letting agents should always be contactable and easy to get hold of so that you can communicate any concerns or eliminate and fears that you may have.  A good letting agent will always keep you up to speed with how things are progressing and the really good ones will even offer a property check either half way through the rental period or a couple of times in between just to ensure that the tenants are looking after it as would be expected.

They will always hold back a deposit from the tenant right at the beginning of the term just in case any issues arise such as breakages or damage to the property.  These charges to replace and repair will commonly be deducted from the deposit before the remainder is refunded to the tenant.

In summary you will be paying this agent good hard earned money and trusting them with your property so make sure you have researched them thoroughly and trust them fully before you hand over those keys!

For more infomation about our services please visit us at www.the-property-group.co.uk

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