Letting agents are a common choice for landlords when it comes to managing a property, and it is easy to see why. Whether you are renting your property for the first time, or you have a portfolio of properties that you want some help with, a letting agent in Lambeth might be the perfect option for you. They can help to take some of the stress away that comes with renting a property, from dealing with the tenants and ensuring that you are paid correctly and on time. We’ve put together the ultimate guide on letting agents, including the roles and responsibilities and why exactly you should consider partnering with one.
What is a letting agent?
To put it simply, a letting agent is someone who acts on behalf of the landlord when it comes to renting your property and will carry out various tasks to make your life easier. Each letting agent will offer varying levels of service, so depending on how much you want to be involved with your property’s management will depend on which letting agent company in Wandsworth you choose. By law, all service levels and fees will be displayed in the branch and on their website, so you know exactly what you are signing up for. Although every letting agent is slightly different, there are general roles that they will all undertake.
What are letting agents responsible for?
Rent collection
We will handle all the administration for the property, including the deposit and dealing with any deductions at the end of the tenancy. We will also collect the rent from your tenant and pay it directly into your bank account on time, every month as agreed (less our agency fee of course!). Managing rent can be time-consuming for landlords, and by allowing letting agents to handle the responsibility you can ensure that you are paid on time, and we will deal with the hassle of any late payments!
Expert on Regulations
Chances are, you are not an expert on the current legislation and regulations that surround renting a property out in the UK. It can be overwhelming and confusing at times, and it is constantly changing. The good news is, that we are here to help keep you compliant and on top of all the changes. We will arrange for all of the following, so you don’t have to:
- Arranging for gas, electric and EPC safety checks to be carried out in good time, and help to secure the best rates from trusted contractors (or using your own contractors if you prefer!)
- Ensuring that the gas and electrical safety certificates, as well as a copy of a valid Energy Performance Certificate (EPC), are correctly disrupted to the tenants when required.
- Checking that you and your property have the correct licenses and registrations in place. Different laws and rules are in place depending on where your property is based, and it can be extremely confusing if you don’t understand it all!
- Administering the tenancy agreement and making sure that it is the latest version and up to date. For example, we will check for any additional clauses and add any that are required, as well as make sure that they are legally correct.
Maintaining the property
Maintaining the property and keeping it in good condition is essential in helping tenant satisfaction and long-term value. As your letting agent, we can organise regular routine maintenance checks and inspections, as well as arrange prompt repairs to ensure that any problems don’t get worse. We will also give your tenants timely reminders about their maintenance, including keeping any gardens in good condition and not putting pictures up on the wall unless agreed beforehand. This means that your property will stay in the best possible condition, meaning that turnarounds between tenants.
Tenant disputes
Not only can we help to manage the property day-to-day and keep on top of any repairs, but we can also help with any tenant disputes that may arise. We will deal with any late payments quickly and effectively, and we will help guide you through the eviction property if it comes to it. There is nothing we haven’t seen before, and while a dispute might seem new and overwhelming to a first-time landlord, we are here to help you. By working with our experienced letting agents, we can help you mitigate any legal risks and help to protect your investment.
Which is the best letting service for me?
If you are looking for a letting agent to help you manage your property, then look no further. Here at Denhan International, we aim to remove all of the stress and hassle that comes with renting a property – leaving you to enjoy the perks of being a landlord. Unless you have knowledge of the industry, then letting out a property can be confusing as well as stressful, and this is where we are here to help. By choosing to let us manage your property, we can take care of everything from collecting rent and dealing with tenant disputes, all the way through to ensuring you are compliant and following all of the current regulations We can even offer you our very own tips to increase rent – what is not to love! Some of the services that we offer include:
- Creating inventories.
- Collecting rent.
- Dealing with maintenance.
- Dealing with tenant disputes and evictions.
By working with Denhan International, you can be safe in the knowledge that you are letting the professionals deal with everything, all you need to do is sit back and relax. If you are thinking of working with a letting agent to rent out your property, or you want some more information, get in touch with our friendly team today. We are here to make your life as a landlord that little bit easier.