Residential Lettings Agents are those
people who provide various other services apart from managing the properties of
the landlords and introducing them to the tenants. Read on to know about them.
There
are many people who are looking to rent out their properties to different
private individuals, preferably known as tenants for earning some good amount
of rental income. These are the people who seek the assistance of the various residential lettings agents of
different areas. However, you may be surprised to know about the wide range of
services that these agents provide apart from only advertising the properties
for rent and coordinating with the tenants regarding the same. Their ambit of
services includes the financial and legal aspects and also the preparation of
the complex documentations and contractual agreements.
Advisory aspects of the Residential
Lettings Agents
Tax
advising is also a part of their prestigious portfolio. Bigger enterprises of Residential Lettings like 1st Choice
Properties will also collect the rental on behalf of the landlords from the
tenants living in the concerned properties. The rental collections definitely
bear the taxation aspects on the landlords and the residential lettings agents are extremely adept in providing these
advices and a thorough overview, however, they would always want you to consult
an expert accountant in order to be completely sure about the matter.
Preparation of the legal documents
Preparation
and documentation of the tenancy agreement is by far a very important service
as provided by the lettings agents. A contract is drafted incorporating all the
terms and conditions as laid down by the landlords to be abided by the tenants
and also all the special considerations which are made during the tenure of the
letting out. Every little condition must be considered in the professionally
drafted agreement before the final hand-over of the property for rent.
Apart
from the residential contracts, the other kinds of documents that a lettings
agent provides is the inventory of the different fittings and fixtures and
every other item being given to the tenant for use with a record of their
current condition.
The
sole purpose of recording and documenting every fitting and fixture is to keep
everything under check and it actually proves to be extremely useful when the
tenant decides to move out. This also gives less trouble to the tenant and the
landlord otherwise.
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