What are the obligations of a letting agent?
What are the obligations of a letting agent?
Agents’ obligations to Tenants and prospective tenants. Agents have a duty of care towards tenants, even though they do not have a contractual relationship. The duty of care includes: Advising and providing essential information relating to the let property.
How long does it take to change letting agent?
However, the reality is, changing letting agent can be relatively straightforward and a hassle free experience for both landlords and their tenants. There’s a good chance you might be tied into the initial fixed term period with their current letting agent, which is typically 6 – 12 months.
Can a landlord change the agent on a tenancy agreement?
The tenancy agreement is usually a contract between landlord and tenant, so it has nothing to do with the landlord’s agreement with the agent. Many landlords mistakenly confuse the purpose of the two separate agreements. The terms of the tenancy agreement will not change even if you change agents! Talk to your tenant
How can I find out what my position is with my letting agent?
So to determine your current position, the best place to start is to check the contract you have with your agent (the ‘Terms of Business’), because it should clearly outline the details of the initial fixed term, and other relevant details in regards to the termination of the contract.
Who is the letting agent for the landlord?
Firstly, just to be clear, the landlord is the letting agent’s client, and not the tenant. Landlords pay the service fees, so that means Letting agents are contractually obliged to put the landlord’s best interests first. What is a letting agent NOT responsible for?
However, the reality is, changing letting agent can be relatively straightforward and a hassle free experience for both landlords and their tenants. There’s a good chance you might be tied into the initial fixed term period with their current letting agent, which is typically 6 – 12 months.
Is it worth it to use a letting agent?
With so many dip-shit letting agents parked on our high-streets, the odds of ending up with a dud is always a likely outcome, and unfortunately it’s the risk us landlords take when using letting agents to manage our tenancies. Needless to say, finding a worthwhile letting agent can be a tiresome game of trial and error.
Who is liable for anything done by a letting agent?
To be specific, the landlord is liable for everything done by the agent – so long as this comes within the ambit of his ‘ostensible authority’. Here’s a nice blog over at the Landlord Law blog which explains it in more detail. Rent arrears & problem tenants – yup, same as above!