Letting Agent Requirements

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    Letting Agent Requirements

    Hi,

    I have just appointed a new letting agent to rent out my flat. They have asked me for the following, which seems a lot, so I just wanted to see if everyone agrees they should request so much:

    1. Sign terms and conditions (a lengthy 4 page document)
    2. Provide copy of deed
    3. Provide copy of head lease
    4. Passport or driving licence
    5. Utility bill or bank statement less than 3 months old
    6. Letting instruction form - very detailed questionnaire about me and the property
    7. Written confirmation I permit them to sign the tenancy agreement on my behalf

    The last agent I used, I signed a neat two-sided 'letting authority' form and a two-sided 'property information' form and that was it!

    #2
    So find another agent!

    The list of requirements seems a bit OTT, but it is probably preferable to a sloppy half-witted set-up where they haven't a clue what they're doing.
    'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

    Comment


      #3
      Seems they are trying to protect themselves from every possible eventuality. As MTG says, probably the lesser of 2 evils where LAs are concerned. If you have all these documents easily available, and the time to complete said forms, then is it such a hardship to comply? If so, as suggested - find someone else.

      Lets hope they are as thorough in vetting prospective tenants!

      Comment


        #4
        I cant decide if they are being appropriately diligent and other agents are cutting corners or whether its a messy set up!

        Comment


          #5
          Originally posted by brightonandy View Post
          I cant decide if they are being appropriately diligent and other agents are cutting corners or whether its a messy set up!
          Can you ask them for a couple of references you could contact - other LLs who use them and you could ring and ask what their service is like?

          Comment


            #6
            Agent needs to prove you are who you claim (money laundering regs)
            They also need proof that you are allowed to let the property from an ownership PoV
            Maybe they intend to read your headleae to see if it allows you to sublet (Ha Ha)

            Would have thought 1 & 7 would have been the same form. Possibly even 1, 6 & 7.

            Comment


              #7
              Originally posted by brightonandy View Post
              1. Sign terms and conditions (a lengthy 4 page document) Probably not long enough! My TOB ran to 14 pages of A4.
              2. Provide copy of deed
              3. Provide copy of head lease
              4. Passport or driving licence
              5. Utility bill or bank statement less than 3 months old
              6. Letting instruction form - very detailed questionnaire about me and the property
              7. Written confirmation I permit them to sign the tenancy agreement on my behalf I wouldn't be allowing that.

              The last agent I used, I signed a neat two-sided 'letting authority' form and a two-sided 'property information' form and that was it! I very much doubt if that would be sufficient.
              AFAIAC this agent is showing due diligence which will stand them in good stead. Too many agents are cutting corners and this one appears to be carrying out proper checks on the landlord. I'm writing an article about letting agents who don't do enough landlord verification checks and which as a result could have dire consquences if they don't.
              The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

              Comment

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