Make Sure Your Letting Agent Does This…
Familiarity of the location of property as well as with the community, experience in letting properties, Membership in an organization for letting agents and professional conduct, are but some of the things a landlord should be looking into when considering engaging a letting agent.
However, this is not always the case because, not every agent can deliver the goods more fully, either due to lack of experience or just simple neglect and laziness of the agent.
So, if you are a landlord and your planning to engage the services of a letting agent, it would be helpful if you can consider the fact whether or not the agent is first, familiar with the location of your property. It is important that your letting agent knows or is familiar with the community where your property is located. Familiarity of the customs and traditions of the community where your property is situated gives the agent a general idea of the kind of tenants the property is suited for.
Second, whether or not he has already encountered the same expectations from his other clients. While it is not always true, yet almost often, the agents who have experienced dealing with almost the same expectations a landlord has often delivered the goods fully. Examine the agent’s track record by asking his fellow agents or even asking the previous landlords he worked on. This will give you the idea of how he will be when he works for you.
Third, whether or not he belongs to an organization of letting agents duly recognized by the regulating State. Belonging to a professional organization helps minimize frauds and scams. Although it is not fool proof, still it deters would be scammers from perpetuating their vileful acts. Organizations police their own ranks, and provides for a grievance procedure, which is liberally construed to protect the rights of the landlords from substandard efforts as well as breach of contract.
And lastly, is he professional in all his dealings with you as his employer or does he boss you around and that he does not listen to your expectations. Because the relationship between a landlord and a letting agent is fiduciary, it is important to remember that as agents they must always act to promote the interest of the landlord. Hence, an agent must be honest in all his dealings with his landlord as well as with everyone and trustworthy in his actions as well as decisions in behalf of the landlord.
Through all this, it is important that an agent is able to carry communication between him and the landlord. He must divulge every necessary fact to his employer. He must advise the landlord about everything that pertains to the letting of his property. Otherwise, the agent would be guilty of breaching one cardinal rule in a fiduciary relationship of a landlord and agent and that is “honesty is always the best policy.
Looking to find the best deal on Glasgow Letting Agents, then visit www.learmonts.co.uk to find the best advice on Glasgow Letting Agencies for you.
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