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text 2022-09-06 04:36
Important Terms You Should Know in Regards to Lettings in the UK
 
 
When it comes to lettings in the UK, you will need to keep a few things in mind to run a successful business. Using the following tips will give you a hand when you need it, making sure you're ready for the challenges ahead:
 

Access

 
An agent must keep written accounts of who holds the keys and inform tenants of the access required by the tenancy agreement terms. The only time this shouldn't be the case is in cases of emergency.
 

Agency Agreement (Landlords only)

 
Whenever you're dealing with an agent, as a landlord, you should ensure that they understand the services you are providing and what is recorded in the agreement. Services may range from finding tenants to carrying out referencing, drafting tenancy agreements, check-ins, arranging inventory, rent collection and management and the tenancy itself.
 
When you sign agreements, you are entering a legally binding contract and incurring a financial commitment. It must be clear how long the agency agreement will run for, as well as how it may be terminated, the notice required and whether or not any continuing liability for costs will exist after it's ended. The agents and their business terms must include all fees and confirm whether they are a member of a redress scheme such as TPO.
 
You must ensure you understand the terms of the agreement and the commitments you are entering with the agent. You should take care before you sign and be aware that the document you sign can be cancelled within 14 days.
 

Check-in/Check-out

 
You should avoid future disputes whenever you can by amending, verifying, signing and copying the inventory or check-in reports and returning the documents through a registered post. You should ensure these documents reflect the true condition used at the end of tenancy, should the deposits get disputed. When the tenancy ends, the agent or the landlord must arrange a check-out inspection to see the property's condition against the check-in report and inventory.
 

Deposits

 
Security deposits due under the tenancy agreement must be protected with an approved Tenancy Deposit Scheme. The deposit money belongs to the tenant unless otherwise agreed by the tenant or the tenancy deposit scheme. Deposits must never be used to pay fees owed to the agent by the landlord.
 

Duty of Care

 
Agents must always work in the client's best interests, that is to say, the person who pays the letting agency services, which is most often the landlord. The agent must be informed as early as possible if they had any personal or other business interest in the property. Agents must also treat those renting or letting fairly and politely.
 

The Energy Assessor

 
By law, any property that is supposed to be let must have an Energy Performance Certificate. The agent might assist landlords in finding an Assessor.
 

Fees

 
Since 27 May 2015, letting and management agents must show a list of all fees, charges and penalties for any letting agency or property management service payable by landlords and tenants. This means additional fees, charges and penalties that may have been incurred during a tenancy. The same goes for fees, charges and penalties references in Tenancy Agreements and Terms of Business. There are exceptions with tenancy security deposits, not holding deposits, rent payable to landlords and fees, charges or penalties where the agent receives those from a landlord under a tenancy on behalf of someone else.
 
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text 2021-04-13 03:05
6 Things a Letting Agent Can do for You

 

 

If you have a property that you rent out, you are essentially in the landlord business. As such, you may want to consider the services of a letting agent. Such an expert can help you manage any property and tenants, all the while you reap the benefits of the business. Depending on how many of the tasks you are willing to take, letting agents can help you out a lot. Following are the most common services that letting agents provide: 

  • Finding good tenants – one of the major duties of a letting agent lies with finding tenants for their client. As a landlord, you know just how important it is to ensure that your property doesn’t remain vacant. No tenants mean no rent and no revenue. A letting agent can help you find tenants quickly. This includes marketing the property, advertising and taking photos of it. They can further arrange viewings for you, and conduct right-to-rent checks. They can set up the tenancy agreement. As for deposits, the letting agent can take up an inventory of the property, to ensure the right amount is deposited. This is an important aspect of working with a letting agent, and it might even be the only service you use such an expert for. 

  • Collecting rent – if you wish to, the letting agent can be tasked with rent collection for you. It is a service that they sometimes add to the tenant find. Apart from collecting and protecting the deposit, the letting agent can also address the rent each month. They will chase after the tenants, serve notices on those that are late, and advise you over what steps should be taken if the tenants don’t pay their rent. Many agents may offer insurance, to protect your income in the case of rent arrears. 

  • Vetting tenants – finding tenants for the property sure is important, but it is just as important to find the right ones. This means working with tenants who stay long-term, cause no problem and pay their rent on time. There is no doubt that every landlord wishes to have such tenants. A letting agent can do some checks for you, before you sign with a tenant. The expert will minimise the risk of running into tenants that aren’t serious and cause trouble. 

  • Prepare the property for a new tenant – many things must be done, when a tenant vacates the property. For starters, there might be a need for repairs and maintenance work, to prepare the place for the next tenant. Additionally, there is cleaning. All of these are tasks that a letting agent can arrange for you. That way you can welcome new tenants with as little disruption and downtime as possible. 

  • Property inspection – this is another important aspect you can delegate to your letting agent. When inspections happen and how they are performed can be a matter you don’t concern yourself with. The letting agent will serve the notice and arrange all matters of the question. 

  • Communication with the tenant – it can be the letting agent that answers phone calls and emails from tenants. They can get queries and questions, and deal with the matters promptly. Communication with tenants is an important aspect, which you may dread, but it is not a problem for a letting agent. 

These are most of the typical services that a letting agent can do for you. Make sure to ask more about their work and arrange a service package that best works for you. 

© Onyx Property Team

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url 2020-10-19 07:47
Quotes about Letting Go of Your Worries

Worrying is one of the feelings everyone has. Most of people worries about their child, relationship.

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text 2020-10-07 07:59
The Undisputed Benefits to Working with an Estate Agent

 

While hunting for the house of their dreams many people prefer tackling the task on their own. Surely you can achieve a lot by yourself, but finding a brand-new home may require some help from the pros. No matter if you need a tiny downtown apartment or a huge house with a lawn, your real estate agent would be right next to you each step of the way. Why should you invest in expert service, when you can simply search alone? Here are the most essential reasons why hiring an agent is the right call:

 

  • Your demands are fully met – when you start looking for a new place to invest in, chances are you already have a concrete idea on the way that wonderful home should look like. From a cosy fireplace that would keep you warm all winter long to a lovely picket fence surrounding your lawn, most home hunters have a unique requirement they wouldn’t give up on. To find exactly what you’ve been looking for, share the image with your real estate agent. He or she knows how to meet your customised demands, thus saving you a lot of time wasted in the search.

 

  • Stress is minimised – have no doubts – buying a new home is a rewarding undertaking. Even so, throughout the entire process, you would be faced with many stressful moments only an expert could save you from. Hesitation and fear are typical emotions home buyers often experience, that’s why relying on a proven real estate agent to rid you from your doubts is a great asset. With their help, you are less likely to feel overwhelmed with the great number of decisions you have to make because your realtor would guide you through the selection process. A proven agent is well-familiar with the specifications of the property you are interested in and that’s how they can let you discover important details that simplify your choice.

 

  • You get more options – going online indeed provides an opportunity for you to take a look at many properties available on the market. However, bear in mind that not all places for sale are enlisted in websites and some homeowners prefer putting their places on the market privately. In such cases, only real estate agents are granted exclusive rights to sell the property and unless you rely on a professional service, you wouldn’t find out that many fantastic places are available. Don’t miss your chance to purchase the house of dreams because of limited access. Instead, hire a proven realtor who has an endless list of contacts.

 

  • Possible price reduction – depending on the type of property you are aiming at, you can easily miss a hidden issue you would otherwise negotiate. Whether you would skip checking the ceiling for cracks or a leaky tap wouldn’t drag your attention, property flaws can be used to get a price reduction. While you don’t have the skills to detect flaws in a house, your real estate agent can inspect a property in a flash. Unless your future home is in outstanding shape, with the help of an expert you get a real shot at having the issues fixed by the owner or getting the price lowered.

 

  • No paperwork troubles – you can get lucky and find the desirable home by yourself, but what’s next? Let’s face it, once the fun part is over and a property has been chosen, paperwork comes into play. For many buyers collecting paperwork is frustrating, that’s why hiring a realtor is the best option to rely on. For your experienced real estate agent it is no trouble to collect and double-check the required documents, thus ensuring that finalising the deal wouldn’t be burdened by anything.

 

Let your house hunting go free from worries with the help of a proven real estate agent. Working with a realtor allows you to experience all the positive emotions the process involves since you can fully confide in your agent’s professional knowledge. 

 

© Onyx Property Team

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review 2020-03-03 23:19
Creeping Beautiful Kindle Edition - 'JA Huss'

OMG ! What and intense and riveting read this was! " I was on the seat of my pants the entire time until the end." Omg ! I am still reeling for this book even after reading it.

Talk about complicated characters "well", this one was loaded with them as they were all mysterious and dangerous and all held mind blowing secrets.

I cannot explain how much I loved this story as it was complicated and intriguing and mysterious and one that you knew eventually would turn into one heck of a complex love triangle. There were parts unraveling throughout the story I did not see coming.All the characters simply amazing,The plot itself was a little unnerving but, drew you in from the very first pages so much so you could not put it down."The ending omg ! what a shocker and had there been another book I would have picked it up a dove right back in again and would have huddle under the covers in bed and not come out until that book was finished too."I can't wait to see what happens next.The story mind boggling at times it was a bit confusing but, when turned the pages and the story start unfolding the players all started making sense.

Final thoughts

"This is the best romantic suspense read for us so far for 2020! " "We didn't want the story to end!"

 

 

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