We hear it time and time again from people looking to rent a home:
“What?, only £50? Agent X, Y and Z charged me over £100 to reference”
Well good news, we charge £50 per applicant, once. We cannot morally or ethically charge up to £180 to reference a tenant when it costs us a fraction of that to make those checks. We’ve even heard horror stories of agents charging prospective tenants fees for such things as going on lists and needlessly renewing contracts every six months! Its hard enough when you are trying to rent a property to find the money that is required. On top of that first months rent you’ve usually got a bond to pay as well as all the nice new items of furniture or nik naks that everybody likes to buy when taking on a new home.
At R K Lucas & Son you can expect a professional service that doesn’t seek to charge you in anyway we think we can get away with, just £50 to apply per tenant, not per property.
Stop by and have a chat about your rent needs or give us a call, we’re sure you’ll be delighted with what we offer and how much money you can save instead of using a different Agent.
Do you know about the implications of a large test case that has serious implications about how security deposits are handled, more to the point, does your letting agent?
A ruling in the Court of Appeal has potentially far reaching consequences for the way security deposits are handled. Since April 2007 security deposits,or bonds, have been required to be held in a custodial or insurance backed scheme managed by an approved provider. However, simply depositing the bond into a scheme does not satisfy all the requirements of the Housing Act 2004. There are still steps to be taken to ensure that your deposit is secured within the parameters of the law and failure to do so can have severe financial penalties. The danger is even greater when your tenants fixed term has expired and especially where your Agent, as a matter of practice, renews tenancies on a six monthly basis.
How severe? between 1 and 3 times the deposit amount plus the return of the initial deposit!
The problems don’t end there. Should the correct steps not have been taken any section 21 notice served may be invalid and there are many advisory services happily waiting to inform your tenants of such including Citizens Advice Bureau, Shelter, even our own County Council are actively informing tenants that such notices are invalid without these measures, prolonging the process of gaining back possession of your property and virtually spelling out to your tenants how they may claim financial gain for your agents lack of action!
Please do not think that by using an agent you are protected. The buck stops with the Landlord, you may be entitled to take action yourself against the agent that does not have the professional competence or knowledge to adequately protect you but that is an action you will be taking yourself, at your expense and after you’ve already faced financial penalties for their actions.
If you would like to discuss your letting needs with qualified and regulated professionals who understands that letting a property extends far beyond advertising and finding tenants then call us now on 01437 762538
In line with our upcoming update to allow rental properties to be searched and viewed we have digitised our application form so that prospective tenants can fill in their application online. This can be viewed on the following link Tenants Application Form or accessed from within our website. With the imminent introduction of rental details, including full brochures, into our website, this new online application and the fact that we charge no application fees we are poised to set ourselves even further apart from other Agents in the area in all property matters. If you would like some more information on letting your property including essential knowledge for all Landlords please visit our letting section on our website here.