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Why is using a letting agent important?

Why is using a letting agent important?

Letting and managing a property can be a difficult task however, using an experienced and qualified letting agent can help to reduce the stress and ensure you avoid the potential pitfalls.

With over 145 pieces of legislation that a residential property landlord needs to comply with, it is important to ensure things are done correctly. If not, the consequences could leave a landlord exposed to financial penalties, legal action and, now following the Deregulation Act, if certain procedures are not followed, difficulty in regaining possession of their property at the end of the tenancy.

The Tenancy Agreement compiled at the start of the tenancy is not where it ends; the check in, routine property visits, maintenance, ongoing compliance, collection of rent, renewal negotiation, deposit administration are to name just a few other tasks that all have to be undertaken at regular times, and following procedures, to avoid future problems and tenant disputes.

Claire Pile MARLA reports that many landlords believe using an agent to be ‘costly and a waste of money’ when they could just ‘do it themselves’. “With increased and continuing changing legislation, we are all to often speaking to landlords who require assistance after things have gone wrong, in many cases as a result of them not knowing their obligations. Good tenancy management, tenant selection and rent reviews will ensure a good return with low voids. Using an agent at the outset provides peace of mind and with varying levels of service available we can cater for each individual landlord’s requirements.”

If you are considering letting your property and would like expert advice from an ARLA (Association of Residential Letting Agents) agent contact a member of our team who will be happy to help.