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Why Hire A Letting Agent In Glasgow?

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A letting agent is a great option if you want to rent out your property but you are worried that you won’t be able to keep on top of the management. While you can certainly manage your rental property on your own, you can also hire a letting agents in Glasgow to take care of it for you. There are benefits to both methods, so let’s explore them one by one.

Renting Through A Letting Agent

A letting agent should act as a facilitator between the landlord and the renter and not as a barrier between them. When renting through a letting agent, it is advisable to have your references checked. In general, a letting agent will check the background of each adult living in the property. The company will also perform a rent affordability’ check, which will ensure that the household income can cover the rent.

Working With A Letting Agent

It can be helpful to work with a letting agent. This agent will help you find a suitable tenant for your property. In some cases, agents can help you find tenants by screening them through fair housing laws. You can also use a third-party tenant screening service. When finding a tenant, it’s advisable to have a written rental agreement signed between you and the tenant. It’s a good idea to consult a real estate lawyer to ensure that the contract you sign contains all the essential terms and conditions. Important details should include the rental amount, time for rent payment, the tenant’s responsibilities, the eviction procedure and the security deposit.

Responsibilities Of An Agent

There are many responsibilities that come with being a letting agent. It is important for landlords to understand their roles and duties before hiring in order to have a realistic expectation and understanding of the service that they are paying for. Some responsibilities include:

  • Market the property
  • Viewings
  • Referencing
  • Finding tenants
  • Paperwork and documentation
  • Rent collection
  • Drafting agreements

What They Are NOT Responsible For

It is just as important to understand what the letting agent will not be responsible for, and what will fall into your lap when it comes to managing the property. Here are some things agents often do not cover:

  • Landlord legal duties
  • Problematic tenants
  • Making decisions about the property
  • Fixing the landlords legal mistakes and rent issues

Communication

It is vital that the landlord and the letting agent has excellent communication and keeps in contact regularly. This is the key to a successful working and professional relationship. You should aim to hire an agent that is understanding, knowledgeable, friendly, professional, and is putting your needs and wants first as well as taking the time to find tenants that are perfect for your property. Miscommunication can have a knock-on effect on the success of the rental process which can cause further issues with tenants and potential clients.

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