Everything you need to know about Letting Agent
The profession of letting agents is on the boom these days, because people, these days don’t have time to manage their own property. Whereas, when it comes to services which are rendered it is important to consider everything you are paying for and to determine whether taking a back seat is actually saving the cost.
The letting admin fees for landlord are charged by the agent which includes tenancy renewal fees which are considered unfair by many landlords as well as tenants. They are considered to be traditional agent duty and asked to bore by the agent only. There are various means of letting out these days, as people also do it via social media and it is getting prominent. Let us understand it this way, you can create a page about your property on Facebook or Instagram, but if you don’t have time to check if you can outsource to your agent and provide him all the details to get the useful prospective tenants. You can also use your social contacts to let out your property. You can also use the location-specific feature so that you can focus on the selected crowd who are looking to relocate in that area.
But before hiring an agent you must read the contract carefully and if you have any query don’t hesitate to ask and clear the things prior to the contract. There are some hidden fees like renewal fees etc which you must get clarity of. If your agent is clarifying any point which is not mentioned in the agreement, you must get that in the writing. Some agents are willing to negotiate or waive in the fees so must take that in writing to be on the safer side at the time of any dispute. If you’re signed in with the agent you must check that you read the contract and understand it properly.