Categories: Business

What Does Letting Agents Do and Their Responsibilities?

Glasgow letting agents find well-mannered and respected tenants for the landlord and they also find renting property for the customers. Using a letting agent always worth it as they find tenants for the landlord and save your time. They are highly professional and experienced in their work so they know how to handle and properly guide tenants. Letting agents in Glasgow are very responsible and hardworking. By providing trusted and quality services they have built the trust of their customers. They always provide reasonable property properties according to the demand of the customer.

What Does a Professional Letting Agent Do?

The landlord can manage their property on their own but most of the time landlords prefer to hire a professional letting agent as they provide quality services and saves time. They find tenants in less time for move-in. Letting agents maintain the property as well as inspect the property too throughout the tenancy period.

·   Letting Agent Services

Every letting agent offers different services according to their job. Letting agents take the landlord’s burden and stress away. Here are some services which are provided by letting agents:

  • Finding a tenant.
  • Property maintenance and inspections.
  • Book viewings.
  • Finding a property for rent.
  • Deposit disputes.
  • Referencing tenants.
  • Rent collection.

Furthermore, there are two common standard services that most letting agent offer:

  • Finding a tenant.
  • Rent collection.
  • Finding a property for rent.

Finding a Tenant

If you want to rent your property then you have to find a tenant and finding a tenant is the most difficult task. Then here comes letting agents for you, you can hire them to find a suitable tenant for you. Letting agents will take professional pictures of property and floorplans. Then they advertise those pictures in commercial areas and appropriate locations. They also advertise your property through social media, online portals, and daily newspapers. When they find a tenant then they arrange the viewing of the property. If tenants want to move in right on the spot then they ask them to sign a tenancy agreement which will be signed by both landlord and tenant. Moreover, if only hire a letting agent for tenant finding then you have to do the other things on your own like maintenance, rent collection, deposit disputes, and property inspection too.

The landowner can deal with their property all alone however more often than not landowners like to enlist an expert letting specialist as they offer quality types of assistance and saves time. They figure out inhabitants in less an ideal opportunity for move-in. Allowing specialists to keep up the property just as review the property too all through the occupancy period.

Finding a Property for Rent

If you want a property for rent then you must hire a professional letting agent who will find the best property for you according to your need and demand. As they do this on daily basis they know exactly what a customer wants and they also know which kind of property will exactly match the need of the customer. They find you a property in less time, you don’t have to go around the town to find a property on your own.

Rent Collection

If you find a tenant on your own then you also have to collect the rent on your own. But hiring a professional letting will take this problem away from you. If they find a tenant for you then they also collect rent from them and protect the deposit too. They also give you advice on which action to take if the tenant doesn’t pay rent on time.

·   Management services:

Letting agents offer top-notch management services. They manage the landlord’s every task very professionally in a mannered way. Letting agents manage your property completely and also keep it in check regularly.

They offer Protection:

According to law, every letting agent must be part of:

  • Redress Scheme.
  • Client Money Protection (CMP).


Redress Scheme

In this scheme, you can complain against your agent to the mediator organization with possible compensation.

Client Money Protection

It is also known as CMP. In this protection, if any of your amounts are lost by letting the agent you can claim the amount.

Professional letting agents also have good information about the latest legalization and modern laws in the private rental sector. They ensure you provide legal tenancy agreements.

·   Safety Checks and Inspections

A professional legal agent always manages safety checks and does inspections regularly to make sure that your property is in safe hands and well managed.

·   Property Visit

As communication is the key factor whenever you are hiring professional services. A professional and good letting agent visit your property regularly and get in touch with you to inform everything about your property. They will keep you update and provide you the information whenever you ask.

·   Legal Documentation

They find tenants who have all the legal documents which are must require at the start of the tenancy as well as letting agent also gets a legal document of property from the landlord to give to the tenant. So in case of any issue, the tenant and landlord will not be responsible.

Furthermore, if you want to move into a trusted place then you must hire professional letting agent services.

Assuming you need to lease your property, you need to track down an occupant and tracking down an inhabitant is the most troublesome undertaking. Then, at that point here comes letting specialists for you, you can employ them to track down a reasonable occupant for you. Allowing specialists to will take proficient pictures of property and floorplans. Then, at that point they promote those photos in business regions and fitting areas. They additionally promote your property through web-based media, online entrances, and every day papers. At the point when they track down an inhabitant then they orchestrate the review of the property. On the off chance that occupants need to move in directly on the spot, they request that they consent to a tenure arrangement which will be endorsed by both property manager and inhabitant. Additionally, assuming just recruit a letting specialist for occupant discovering, you need to do different things on your own like upkeep, lease assortment, store questions, and property assessment as well.

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