When you buy or rent a property you need
help from an agent, unless you are an expert of buying or renting properties. A
real estate agent will help you get your dream property. But before you purchase
the property, you need to make sure that the property is worth it. Before you
make a deal with the agent, you need to ensure that all the aspects of the
property are accurate. You want to inspect the property. Of course, the real
estate agent will take you to the property so that you can inspect it, but you
are not an expert. It is where these letting agents come in. A letting agent is
more like an inspecting agent. He will show you each and every aspect of the
property you are buying and will tell you if it is worth it or not. The real
estate agents let you choose the best property, and the involvement of a
letting agent can improve it.
What does a letting agent do?
What is the purpose of a letting agent? In
simple words, the letting agents are businesses that deal with the rental
properties. If you wish to rent a property somewhere new and are worried if it
is the right choice or not, you will hire a letting agent to tell you if it is
the right property to rent. The letting agents also manage the landlord’s
properties. When you purchase a home, you may want to contact a letting agent
first rather than the owner. A letting agent also helps you buy a bargain home.
In fact, these agents are experts of bargain homes as compared to other types
of property sales and purchases
.
Benefits of hiring letting agents
The benefits of hiring a letting agent are
galore.
·
They will save your time to
search for the rental property.
·
They will tell you all aspects of
the neighbourhood
·
The agents act as an
intermediary between you and the landlord
·
He will help you search the
best property for rent
·
He will make sure that you pay
the right price for the property
These agents offer an Introductory Service.
It means that they help find the landlord a tenant.
They provide administration services. They
provide services to administer the whole process. They will process the
application referencing (which includes credit and debit searches, etc.); they
will draw a tenancy agreement, draw a schedule of property condition,
conducting a proper property check-in, etc. you must understand that a few of
these services are non-refundable. Administration services such as drawing a
tenancy agreement have no refunds. Similarly, the fee paid t the court is
non-refundable.
They offer rent collection services. Many
letting agents also provide extra services, such as the collection of rent from
the tenants. They charge a commission for this service.
They also provide full management
services. They help manage the landlord’s property on the daily basis. This
service is also extra and will cost 12% of the final deal.
The fee for the tenants includes:
- Inventory: as mentioned above the letting agent makes drawings and prepares documents; this fee is for drawing inventory and inspecting the property
- Renewal: the letting agent will charge the renewal fee if the renter extends the tenancy period beyond the initial term. This fee is lower than the original cost.
- Administration: This is the fee which covers the administration services mentioned above.
The role of letting agents
•
He shows you the property
•
He makes a list of the total
cost of the property based on the condition of the property and appliances in
it.
•
He prepares a tenancy agreement
for you and your landlord.
•
He provides you the contact
details of the landlord
The letting agents are not mere the real
estate agents; they act as a helper.
Conclusion:
The above is a description of the letting
agents and everything there is to know about them. Make sure that whenever you
search for a property or rent or a bargain home, you hire a letting agent. These letting agents Gerrards Cross will make sure that you get
the property which is perfect for your family.
Please contact Glenn Flegg letting agents in Taplow for further advice.
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