It’s believed that as much 20 percent of houses within England are privately rental.
It’s a lot of people and there’s a good chance that a lot of these tenants rent through a letting agent , rather than directly from an owner.
We’ll go over the things estate agents Barry could provide tenants, the way they work and the advantages from renting with the services of one…
What is a letting agency?
A letting agent manages the rental property for the landlord. They also be a point of contact for tenants throughout their period of staying in the property.
Through a letting agency the landlord can be sure that everything related to the renting of their house is handled.
How can agents be able to work?
Letting agents handle an array of tasks when they manage a property for a landlord. This includes:
* Advertising and marketing for the property
* Identifying and reference to tenants
* Hosting viewings
* Doing inventories
* Drawing up tenancy contracts
* Retrieving and registering deposits of tenants
* Collecting rent
Conducting inspections of properties
• Managing emergencies and maintenance
The advantages of renting through the services of a letting agent
There are numerous advantages to renting a house through a letting agency – not to mention the assurance and peace of mind that comes from dealing with a professional agent. Ten other benefits you can get as a tenant…
1. Letting agents are subject to regulation
All leasing agents in the UK are required to be part of a redress scheme as required by law. This means that if you have complaints about their services and haven’t been able to resolve the issue through the agency, you may refer your concerns to the scheme, and they’ll resolve the issue.
2. The deposit you make will be secure
If you are renting a home it is required to pay a security deposit, which can be five weeks rent , or 6 weeks’, based on the amount of your annual rent.
This deposit must be lodged in one of the three deposit protection schemes of tenancy within 30 days. In addition, you are required to be informed within the same time frame the scheme that the deposit is kept in.
If you rent through a letting agent you’ll also have peace of knowing that your deposit is completely protected throughout the term of your tenancy contract.
3. Tenancy agreements that are legally binding contract
If you lease through a letting agency, you’ll get an legally binding and enforceable contract of tenancy that safeguards your rights as well as the landlord’s.
The letting agent should have all necessary paperwork and processes in place to get your tenancy up and running quickly and efficiently during your stay.
4. Security and health, security
When a letting agency manages the property for an owner, their task is to make sure that the landlord and the property is in compliance with all health and safety rules designed to keep you safe.
Your agent will assist you in ensuring that your landlord is in compliance with:
* Electrical and gas security
* Smoke alarms and fire safety conformity
“Sanitation” and plumbing, and heating security
* Repair and maintenance obligations
5. More choices of properties
With the demands for compliance growing each year, more and more landlords are turning to the services of letting agents to rent or manage properties.
So, contacting an agent can provide you with a an increased selection of properties to rent along with professional marketing packages and photos to peruse when you decide which home is the right one for you.
6. Viewings with accompanying commentary
A professional letting agent can accompany you on your viewings and assist you in selecting the right property for you.
7. Local expertise
Moving to a different area could be a daunting journey in the unknown, however when you rent via an agent you are able to make use of their expertise of the local area as well as houses available for rent in the area you’d like to live.
When you talk to a local letting agency and letting agent, you’ll gain a thorough understanding of the location you’re moving to before you commit to renting a property.
8. A Property management team.
Letting agents have teams of property managers set up to handle repairs and maintenance issues – along with strong connections with trusted local tradespeople and contractors. This means you’re guaranteed that all issues that arise will be resolved promptly and professionally.
9. Excellent communication
It’s not likely that issues regarding your rental property could happen, but it can occur.
If there’s a problem tenants should be assured that the person they call will take care of the issue And peace of mind is a result of the option of renting with an agent.
The agent who you are renting from will provide you with complete details of who to contact in case of an emergency, such as example , a boiler failure and will then make arrangements for the issue to be resolved, while communicating with the landlord.
10. Professional service
In addition to being a part in a scheme for redress Letting agents are members of professional bodies such as those of the Association of Residential Letting Agents (ARLA) and the UK Association of Letting Agents (UKALA).
They must operate according to the regulations of the organizations and must conduct their businesses professionally. You can enjoy the assurance the agent you choose will offer professional services and your funds is protected by The Client Money Protection program.
Why do landlords employ agents to let their properties?
The primary reason landlords employ an agent for managing their rental properties is to ensure their peace of mind.
For landlords, staying in compliance and up-to-date with changing and new laws governing property can be a challenge.
A letting agent will ensure your landlord’s compliance and ensures that you’re secure in their rental house.
They also handle maintenance issues they also collect rent and respond to emergencies or issues within the property.
What should agents be looking for to verify the reference?
If you are applying to rent an apartment through a letting agency, they’ll conduct a series of affordability and suitability tests as a landlord’s representative.
The agent who is letting you the property must:
Conduct a credit report by a referencing company to determine your financial status as well as check for bankruptcy as well as other County Court Judgments (CCJs)
Call your boss to confirm your employment status, title and earnings
Contact your previous landlord, if there was one, to obtain references regarding your eligibility to be an applicant for a lease
Conduct an affordability “stress test’ to make sure your landlord is able to be sure that you can afford the rent each month.
* Perform a Right to Rent check to verify that you’re legally able to rent a house in the UK or if you’re abroad.
