LETTING AGENTS NEAR ME
FAQ'S
What does a letting agent do?
What does a letting agent do?
The letting agent assumes complete management responsibility for all facets of renting out your house, including the services provided for finding tenants and collecting rent. Throughout the rental period, they will communicate with the tenant to arrange for repairs, inspections, check-ins, check-outs, and any disagreements regarding the security deposit.
Is it worth having a letting agent?
Is it worth having a letting agent?
Private landlords' lives can be made easier by great letting agents by freeing up their time by handling responsibilities like rent collecting and property inspection to ensure everything is in order. Managing your property yourself can require you to be available around-the-clock because you are tasked with having total control over every aspect of your rental property. On the other side, letting agents can handle the majority of your landlord duties, sparing you more of your valuable time.
How many landlords use a letting agent?
How many landlords use a letting agent?
The amount of landlords using letting agents is vastly increasing in modern times. In a 2022 UK government survey, 46% of landlords answered that they use a letting agent, up from 34% in 2018.
How often do letting agents inspect a property?
How often do letting agents inspect a property?
There is no set rule for how frequently a letting agent should check a property, but they typically do so a few months after the tenancy begins and then on occasion during the course of the following 12 months, depending on the findings of the initial inspection.
In regards to @ThePlace, we will typically visit the property 3 months after the initial check-in, and if all is found to be in good condition we will then conduct inspections at 6 month intervals.
Are letting agents regulated?
Are letting agents regulated?
The primary regulation of estate agents is dictated by the Estate Agents Act 1979 (EAA) and the Consumer Protection from Unfair Trading Regulations 2008. Beyond this statutory regulation, since October 1, 2008, all UK-based estate agents involved in residential estate agency work must be part of an approved redress scheme. They can choose either The Property Ombudsman or the Property Redress Scheme, a requirement put forth by the Consumers, Estate Agents and Redress Act 2007.
Does At The Place also do sales?