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November 5th, 2009 by admin
The owners experience will be more than nerve-wrangling it will also result in lost monies. These monies may run into thousands of pounds. It perhaps recoverable from the agent if they have assets and you can find them or if they are a member of one of the trade bodies that requires the agent to insure all client monies. Most pro agents are members of such schemes and as such shouldn’t represent a risk to their clients. Thanks to the ongoing increase in demand for the personal hired sector there are several new letting agents. Many of these agents are not members of any schemes and offer their customers no protection. In truth they are the businesses at higher risk of failure. So if your agent isn’t an affiliate of one of these trade regulatory schemes and they tell you the rent is late month after month perhaps it is time you paid a visit to the agent and ask to check their financial records. sometimes owners rent insurance schemes,offered by commissioned letting agents, with legal cost cover can be offered for less than £100 per year for each property. The industry equivalent is 4% of the yearly hire. So with average hires over £550 every month the owner can save around £200 per year. Belvoir Lettings Peterborough & Corby are members of regulatory trade bodies and as such their customer account is bonded for the protection of their owners and renters.
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