LET­TING AGENT NIGHT­MARE

Finweek English Edition - - FEEDBACK -

Dear Garth

I un­der­stand your ar­ti­cle on let­ting to stu­dents ( Fin­week, 29 Novem­ber 2012) – but the big ques­tion is whether own­ers of homes or apart­ments are not let­ting to stu­dents be­cause of hope­less let­ting agents. Which body con­trols let­ting agents? Any code of con­duct? IEASA re­fuses to ac­knowl­edge that es­tate agents also act as let­ting agents. It is up to en­ter­pris­ing jour­nal­ists to pro­vide a list of what is ex­pected of let­ting agents, and that is not sim­ply col­lect­ing rent. Please dis­cuss in an ar­ti­cle: If the let­ting agent does not man­age the prop­erty in a sat­is­fac­tory man­ner, what do we do? (Re­mem­ber he has al­ready pock­eted one month’s ren­tal as a “finder and man­ag­ing” fee – he gets that in ad­vance) Do we take the let­ting agent to the small claims court? Do we report the let­ting agent to the EAAB? Will the EAAB hold a hear­ing? Will the let­ting agent be black­listed by the EAAB? Will the list of black­listed let­ting agents be avail­able on the EAAB web­site? Will IEASA hold a hear­ing? Will the let­ting agent be black­listed by IEASA?

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