Letting Agent Questions

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Started by JustIgnore, 19-08-2017, 12:59 PM
5 responses
69 views
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Last Post Stef Cooke  
Started by Landlord1206, 20-08-2017, 17:49 PM
Started by 12GuageLandlord, 10-08-2017, 21:35 PM
8 responses
140 views
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Last Post tatemono  
Started by malikha, 27-09-2016, 14:58 PM
31 responses
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Last Post Lara
by Lara
 
Started by JohnyLondon, 05-08-2017, 12:57 PM
2 responses
66 views
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Last Post jpkeates  
Started by landing, 29-07-2017, 17:23 PM
6 responses
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Last Post buzzard1994  
Started by gailey, 30-07-2017, 12:32 PM
8 responses
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Last Post gailey
by gailey
 
Started by robbie31, 13-07-2017, 12:03 PM
16 responses
300 views
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Last Post tatemono  
Started by Ged, 12-07-2017, 13:29 PM
1 response
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Last Post tatemono  
Started by AleBP, 09-07-2017, 13:44 PM
1 response
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  • Agent asking for funds prior to sign the contract
    JustIgnore
    Good afternoon.

    I am in a bit of confusion at the moment in dealing with an agent, I hope you guys can help.

    I have found a property to rent and we are very interested in renting it.
    The advertised move in date is somewhere end of August, an exact date has not been given...
    19-08-2017, 12:59 PM
  • Reply to Agent asking for funds prior to sign the contract
    Stef Cooke
    MMMmmmm! Not sure I said they were! Nope, positive you just made an assumption / applied a red herring.

    Your opinion... I need evidence! Oh, OK Maybe you do have a point.

    Again, opinion. As much as you think there is no good reason FOR it, there is no good reason for an...
    21-08-2017, 12:44 PM
  • Reply to Agent asking for funds prior to sign the contract
    jjlandlord
    Signing the AST and releasing the keys are not the same thing.

    Most agents are poor, that's no news.

    It is perfectly normal to require all monies to have been paid and cleared before releasing the keys. But there is really no good reason to require the same before signing the...
    21-08-2017, 11:45 AM
  • Reply to Agent asking for funds prior to sign the contract
    Stef Cooke
    Really? All of the agents and LLs I work for ask for monies up front and do not get ASTs signed, or release keys, prior to funds having cleared.

    I accept my 'reason' may be flawed... I am not an agent or a LL, but the reality still is that monies (some or all) are cleared prior to ASTs...
    21-08-2017, 09:56 AM
  • Reply to Agent asking for funds prior to sign the contract
    jjlandlord
    It is not uncommon but this should not be: You should set up the contract first.

    I also got as 'reason' what is mentioned in the previous comment, namely that you have to pay first because of the wording of the contract... This simply either mean that they are clueless or have a badly drafted...
    19-08-2017, 17:52 PM
  • Reply to Agent asking for funds prior to sign the contract
    Stef Cooke
    Yes. As a clerk I am occasionally called off a job because funds have not cleared.

    If you think about it that contract will contain information about the monies you will pay, deposit etc. If you have not already paid then the contract is incorrect. So you pay, then, when it has cleared,...
    19-08-2017, 13:47 PM
  • Looking for a new letting agent
    12GuageLandlord
    Hello,

    I am new to this forum and to the private rental market. Having just gone through a fairly turbulent contract renewal I have lost all patience with my management agent and have decided I want to move away from them as every communication from them creates more work for me putting...
    10-08-2017, 21:35 PM
  • Reply to Looking for a new letting agent
    tatemono
    this is exactly why I recommended it as a question to ask. You should know that the agent works for you on your terms and so if this isn't something you want and the LA insists on it and has hefty fees, you can walk away. You can play ignorant and see if they try to pull the wool over your eyes by saying...
    14-08-2017, 21:15 PM
  • Reply to Looking for a new letting agent
    jjlandlord
    Landlords should also know that in such case whatever fee the tenant paid to the agent belongs to them....
    14-08-2017, 10:41 AM
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