The best ser­vice for our land­lords and or ten­ants

Harefield Gazette - - PROPERTY -

IS your land­lord us­ing an adapted ten­ancy agree­ment? Of land­lords who don’t use a let­ting agent, 58% use adapted ten­ancy agree­ments from old agent con­tracts, ac­cord­ing to a re­cent sur­vey from in­surer Di­rect Line for Busi­ness.

The sur­vey sug­gests that land­lords who have not in­structed let­ting agents to act for them are of­ten mak­ing a sig­nif­i­cant num­bers of er­rors, such as in­ad­ver­tently giv­ing ten­ants con­tracts that are not le­gally com­pli­ant, with one in five up­dat­ing a tem­plate they found on­line.

“Not only is this a con­cern for ten­ants but for the let­tings in­dus­try as a whole”, com­ments Dale Craft, Let­tings Man­ager at Ro­mans West Dray­ton.

“The let­tings in­dus­try has changed dra­mat­i­cally over the past 18 months and it’s im­per­a­tive that land­lords stay up to date with all the leg­is­la­tion changes in or­der to pro­tect their ten­ants and their in­vest­ments. Th­ese changes must be re­flected in the ten­ancy agree­ments and ap­proved by a le­gal pro­fes­sional.

“I al­ways ad­vise ten­ants to rent prop­er­ties via an agent li­censed by the As­so­ci­a­tion of Res­i­den­tial Let­ting Agents (ARLA). This gives them peace of mind that their de­posit is pro­tected and that their agent is up to date with the lat­est leg­is­la­tion changes, even if their land­lord isn’t.”

In a re­cent on­line poll, Ro­mans found that 71% of peo­ple are not up to date with the very lat­est land­lord leg­is­la­tion changes, which highlights the im­por­tance to us­ing a li­censed agent. Fur­ther polls re­vealed that 91% of ten­ants wouldn’t con­sider us­ing an un­reg­u­lated let­tings agent, which is a promis­ing sign, yet only 68% are aware of the risks of let­ting through an un­reg­u­lated agent.

The sur­vey from Di­rect Line also re­vealed that 9% of land­lords have not in­formed their ten­ants that their de­posit is held in a gov­ern­ment-backed ten­ancy de­posit pro­tec­tion scheme, de­spite this be­ing a le­gal re­quire­ment.

“Choos­ing an un­li­censed let­ting agent can lead to all man­ner of prob­lems for both ten­ants and land­lords be­cause there is no strict code of prac­tice they must fol­low” adds Dale.

“As a li­censed and reg­u­lated mem­ber of ARLA, not only do we en­sure your money is 100% pro­tected but our li­cens­ing means we main­tain an ex­ten­sive un­der­stand­ing of the lat­est let­tings leg­is­la­tion so that we can pro­tect our land­lords and their ten­ants.

“If you are an in­vestor looking to grow your prop­erty port­fo­lio I highly rec­om­mend that you regis­ter with our sales team as they can help you source the per­fect prop­erty and the ideal ten­ants.”

To find out more about rent­ing or let­ting with Ro­mans, a li­censed and reg­u­lated mem­ber of ARLA, visit the team at Ro­mans West Dray­ton, in­cor­po­rat­ing Camp­sie, or call them di­rectly on 01895 456 500.

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