A Quick Overview of Petra Property Management
Some persons play significant roles in the buy-to-let industry. Letting agents are always great help in this field, and could be quite resourceful when you look for such a property. Some of us often have misconception that property agents are almost comparable to bloodsuckers without any real-life worth. When you come to know a genuine agent, your ideas may change overnight. An authentic agent is always helpful as well as resourceful, and asking them for help never let the client down. Finding out a genuine professional is however a tough task, one should be careful about certain factors thereby while looking for one. Check some of the factors below.
Professional Goodwill
The first qualification of a genuine property agent is his goodwill in the market. An authentic professional in this field is always in demand. On the other hand, for attracting good tenants, the letting agents need to have reputation of their business in any given area. It is always safe to work with agent who are certified and recognized by the national letting institutions. Reputable letting organizations such as Petra Property Management provide clients with fast service at very reasonable costs.
Credit Verification and Suggestion
once you accept offer of a tenant, a genuine letting agent would obviously attempt some research work to inquire the background about the property. Generally, letting agents inquire into basics such as personal references from employers, credit verification from the lending organization or the building society, or even the previous landlords. For the self-employed people, the reference is expected from the solicitor or the accountant. In this case, their experience help them to judge the suitability of the potential tenants and advice the property owners if find the tenants not suitable in any case.
Agreement of Tenancy
One of the very important roles a letting agent plays for its clients is to settle the tenancy agreement. Though, a sample tenancy agreement can be availed from any standard “off-the-shelf” agreement form, still, a helpful agent such as Petra Property Management helps to settle the agreement successfully in presence of property lawyers. It is the responsibility of the letting agent to check whether the terms and conditions of the agreement are proper within the agreement. Ideally, a tenancy agreement should include the following aspects.
• Cost and duration of the tenancy
• Advance deposit to be paid
• Responsibilities of a tenant
• Other specifications important and related to the property
Once the tenant and the property owner sign the tenancy agreement, letting agents should suggest the tenant party for changing the utility bills and the council tax payments to their names. In addition, they would require waiting until the cheque for the deposit and the first month’s rent is not cleared. Once these things clear, the keys of the property are given to the tenant and they are allowed to start staying in the property thereafter. The last but most important role of the letting agent is to help his client with basic inventory articles such as furniture and fittings, carpets, etc.
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