One of the worries that many landlords understandably experience is the possibility that a month or more will pass between lets when their investment property remains unoccupied.
Category Archives: Renting & Letting
Almost half the UK population own a pet, yet many landlords are reluctant to accept pets! According to research by The Dogs Trust, some 78% of pet owners reported that they had experienced difficulty finding rented accommodation that would accept pets.
…and your Investment”
One of the most important aspects to consider when choosing a letting agency is whether or not they subscribe to a Client Money Protection Scheme. There have been several examples of unscrupulous letting agents who have mysteriously closed holding many thousands of pounds in client monies – primarily rental receipts that should have been paid over to the landlord.
One of the greatest areas of dispute in lettings is the issue of deposits and the fair return of money at the end of a tenancy. An unscrupulous landlord could claim that minor damages justify the non-return of the deposit, which usually amounts to between four and six weeks’ rent.
If your rental property is currently on the market awaiting a tenant, it may be tempting to assume that your agent is in full control of the situation, and that sooner or later a tenant will materialise. But don’t be so sure! Sometimes an agent will take the same view and simply sit in hope, having apparently exhausted their own marketing options.
Many letting agencies simply act as a broking service that matches people to property. However, we are acutely aware that there is far more to successful letting than this alone. Indeed, nationally, about 25% of initially agreed tenancies fail to prove satisfactory for one reason or another.
Innovation in estate agency is evolving rapidly, and the use of certain technologies is enabling agents to offer added value to customers.
As you may have noticed, our offices are now sporting impressive interactive touch screens that can display our clients’ properties to buyers more effectively than ever before. Gone are the days of the faded window card. It is size, movement, vibrancy and relevance that now catch the public’s attention.
If location is fundamental to a tenancy, then mapping is surely the most obvious way to highlight location.
We choose to use locational maps on our property website as they make it easy for tenants to identify the property in relation to its surroundings. This is particularly useful when a tenant is considering a property that is slightly outside an area they might have preferred, as they can see from the map that the property is actually not that far away from their chosen area.
Just as anyone can open up an estate agency, so they can also start up a lettings business, without any training, experience or qualifications. This should concern landlords, because there is far more to the business than meets the eye. In some ways, finding a tenant is the easy bit!