What to do if your letting agent goes bust?

The tenants deposit isnt safe with your agent if they go bust and they have kept it. The safest option is to either keep the bond yourself or join the custodial scheme. Bastards…. I terminated Just Letting’s services for the very same reason. Every month rents are paid over very, very late.

What happens when letting agents don’t pass on rent?

Just found out that as my tenants bond was insured by TDSL otherwise known as mydeposits, the agents or landlords keep the tenants deposit. TDSL act a mediator if anything goes wrong, but TDSL arent paying out to the tenant as they say I am fully liable for the deposit and obviously still around.

Can a unregulated letting agent go out of business?

An unregulated letting agent going out of business, leaving thousands of landlords and tenants out of pocket, has unfortunately become an all too frequent story in the press.

Is it safe to use a letting agent?

Needless to say, if they are still operating, I would pull the plug on using their services, and perhaps throw a few eggs/bricks at their windows (only joking, kinda’). I’ve had my fair share of problems with dodgy letting agents and that’s why I don’t use them anymore.

What should you do if your letting agent goes bust?

Whether it is a well-intentioned business hitting financial difficulties and going under or a rogue agent out to make as much as possible from landlords before being shut down, using an unregulated agent can be a risky business. So what should you do if you find out your letting agent has gone bust?

An unregulated letting agent going out of business, leaving thousands of landlords and tenants out of pocket, has unfortunately become an all too frequent story in the press.

Where can I find a real estate agent to help me rent a house?

The easiest way to find a real estate agent who also services renters is to check local rental listings online or in your community newspaper.

Do you have to pay a real estate agent to list an apartment?

Apartment locator services are almost always paid by the landlord. In more competitive rental markets, the tenant will often be responsible for the real estate agent fee, sometimes called a “broker fee.”. In fact, even if you find the listing on your own, some rentals will require you to pay a fee to the landlord’s broker for listing the property.