Is your letting agent telling you that your rent is late this month? Is your letting agent financially secure? Has your letting agent invested in new build properties over recent years? Many of these investments are now toxic and are likely to be in negative equity. It is very likely that they will be exposed to higher interest charges as fixed term loans end and they are unable to remortgage or sell.
With business for letting agents booming while income from estate agency has plummeted in the last 12 months, it’s important for both landlords and tenants to be aware that letting agents (unlike estate agents) are not regulated and although there are some great letting agents out there, there is the potential for them to run off with YOUR cash!
If you're thinking about moving out of a rented property, it is essential that you follow certain steps to ensure the conditions of your tenancy agreement are not broken. Read our essential five step guide to terminating a tenancy agreement.
As a tenant you pay a landlord to rent their property for a set period of time. However, you can’t just do what you want, you also have to abide by legal rules and regulations and according to the latest report by Lord Denning “The Tenant must take proper care of the premises ..... he/she must do the little jobs around the place which a reasonable tenant would do”. For example, it’s not your landlord or letting agent’s responsibility to change light bulbs for you! Here’s our top five tenant responsibilities that you need to adhere to.