The benefits of using a letting agent
If you are thinking of letting your property, there are several ways to do this.
You can advertise it yourself in the local newspaper, shop windows, or the internet. However, renting your property can be confusing, stressful, or even illegal if you don’t know what you are doing.
This is why you should always consider using a professional letting agent.
Choosing a great letting agent can be priceless.
Below are a small selection of some of the services quality letting agents should be able to offer.
Advice on the legal aspects of renting your home
A quality letting agent will advise you on regulations such as gas safety requirements, fire safety regulations, electrical equipment safety, as well as preparation of a legally binding tenancy agreement that protects the landlord and the property.
How to present your property to get the maximum rent
They will be able to give advice on decoration, colour schemes, lighting of a property, furnishings, equipment to leave, and have the right photographic equipment and knowledge to get you the best rent possible.
Advertising your property
They will be able to advertise your property to as many potential tenants as possible via internet websites, local press, word of mouth, and by having a mailing list of approved tenants waiting for suitable properties.
Stringent referencing of tenants
They will be able to do a credit check, employer, previous landlord, and character referencing to ensure the tenant is right for your property. A guarantor service should also be offered to give extra peace of mind to the landlord.
Provision of a detailed inventory
An inventory is a statement of condition of the property and its contents. It is important that this is done properly and in great detail as it protects both the landlord & tenant in the event of any damage done to the property. If done correctly it can help with disputes over the return of the bond at the end of the tenancy period.
The ability to resolve maintenance issues promptly
A quality letting agent will have an approved team of tradesmen to help with any maintenance issues that will inevitably arise. Approval of any costs should still be obtained from the landlord prior to any work being carried out.
Merrick Binch Landlord Packages
Offer rent guarantee and legal protection policies
Policies are available to guarantee the rent payable to the landlord, and to contribute towards legal costs in the process of evicting problem tenants.
These can be purchased for a small premium. Some lettings agents such as Merrick Binch Lettings will offer the policy free within their full management service.
There are many other services offered by lettings agents to fit the needs of landlords.