Choosing a Letting Agent Checklist

Checklist provided by 

www.belvoir.co.uk

 
Only consider letting agents who are members of either NALS, SafeAgent or ARLA/RICS such as Belvoir Lettings.
Become a tenant first and put ‘renting a property in…..’ into a Google to see which agents are top.
Research via property portals which agents market and let similar properties to yours.
  Ask how the letting agent keeps up to date with latest letting rules and regulations.
  Find out what they do to keep you up to date with BTL eg newsletters, seminars
or workshops.
  Find out how your property will be marketed.
  Ask what the agent’s average void period is.

Research the different services letting agents offer including:

  • Tenant find
  • Let only
  • Full management
Understand in detail what each of the different services includes, for example
tenancy agreement.
Ask how often periodic checks will be carried out under full management.

Work out all costs of letting a property through the agent including:

  • Set up fee
  • Management fee
  • Other fees
Compare costs over a 6-12 month period and include charges to re-letting a property and for EPCs, gas and electric safety certificates.
Check the terms of business with a legal lettings specialist.
Find out how long it will take for the tenant’s rent to hit your bank account.
What other services are offered, for example, run seminars, workshops, help with legal issues or property.

 


All our information is brought to you by Kate Faulkner, author of
Which? Property books and one of the UK's top property experts.
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