The Role of a Letting Agent Flashcards
A letting agent manages the relationship and interaction between…
…landlords and tenants.
Why do landlords often prefer to go through a letting agent? (4)
1.) To save time
2.) To benefit from marketing facilities
3.) Legal knowledge
4.) Credit checking services
Why does going through a letting agent save landlords time?
The agent collects rents and handles repairs.
Letting agents offer services such as ________ for compliance with regulation.
Guidance.
Letting agents offer services such as mar______.
Marketing.
Letting agents offer services such as _______ the property.
Showing.
Letting agents offer services such as guidance on the ____.
Rent.
Letting agents offer services such as ______ credit and reference checking.
Tenant.
Tenant credit checking?
Checking if a potential tenant has had problems with paying bills in the past.
Letting agents offer services such as listing the _________ and checking it.
Inventory.
Letting agents offer services such as doc__________.
Documentation.
Letting agents offer services such as rent __________.
Collection.
Letting agents offer services such as re_____.
Repairs.
Letting agents offer services such as checks ______ and at the ___ of tenancy.
- During
- End
The letting agent’s services are typically three options…
1.) Let only
2.) Let plus rent collection
3.) Full management
Let only?
Finding tenants.
Fully managed properties provide the agent with a ______ _______ ______, with rents generally collected monthly in advance. The agent takes a fee before passing the money to the landlord.
Stable monthly income.
