Letting Agents.

EdwardS033

chippy2u wrote: »

Letting agents = Legalised theft! Unlike estate agents, letting agents are totally unregulated so they can write their own T&Cs and rip-off landlords and tenants!!

Since 1 October 2014 Letting, Property Management and Leasehold Management Agents in England are required to join an Independent Redress Scheme (alternatively known as an Ombudsman) so if the client is not happy they can seek independent redress.

http://www.legislation.gov.uk/uksi/2014/2359/contents/made

Inform your local trading standards if they are not and they can fine them up to £5000.

Arthog

Having worked in Housing for many years, and as a landlord - please don't even think of managing the letting yourself unless you have housing qualifications. Housing law is complex and errors can be very expensive, time consuming and stressful.
Find a good letting agent by word of mouth.

s_b

£66 is nothing if they are doing a good job
i would have charged £166 to show how capable i was:D

peter_the_piper

Arthog wrote: »

Having worked in Housing for many years, and as a landlord - please don't even think of managing the letting yourself unless you have housing qualifications. Housing law is complex and errors can be very expensive, time consuming and stressful.
Find a good letting agent by word of mouth.

Please could you direct me to the regs you refer to. Thanks.

peter_the_piper

s_b wrote: »

£66 is nothing if they are doing a good job
i would have charged £166 to show how capable i was:D

£65 per month and £66 for 2 sheets of details of the years payments. £850 a year for doing SFA passing most queries to us to sort out. That's most of her rent when the mortgage/insurance is taken out, hardly leaves any for things that go wrong let alone any profit (Profit? Whats that?)

One of the most niggley things is tenant has had date of wages put back by a week, told letting agents, they keep sending letters saying she is in arrears.

gettingtheresometime

I'm assuming your daughter agreed to these charges???

bap98189

peter_the_piper wrote: »

DD home in June and we'll be trying to opt out then. I hope they don't try to con us with an exit fee.

They won't be conning you. Whilst the fees may seem unfair, they will have been set out in the contract your daughter signed when she engaged them.

Edwood_Woodwood

gettingtheresometime wrote: »

I'm assuming your daughter agreed to these charges???

Doesn't matter.

People sign contracts all the time that are then shown to be unfair.