Hello,
I have recently used a new letting agent who has found a new tenant for my property. I instructed on a let only basis so that I can self manage the property, including handling of rent which is paid to me directly to my account.
I have requested that the letting agent pay the tenant's deposit to me so that I can place it in an approved scheme. However, the agent insists that they (the agent) hold on to the deposit. This raises my suspicion, what would happen in the case that I request a deduction to the deposit due to mishandling of the property? I will of course ask these questions to the letting agent this week.
I would be interested to know if any other landlords, who have instructed on a let only basis, have let the letting agent manage the deposit.
Kind regards,
LeadingEdge
I have recently used a new letting agent who has found a new tenant for my property. I instructed on a let only basis so that I can self manage the property, including handling of rent which is paid to me directly to my account.
I have requested that the letting agent pay the tenant's deposit to me so that I can place it in an approved scheme. However, the agent insists that they (the agent) hold on to the deposit. This raises my suspicion, what would happen in the case that I request a deduction to the deposit due to mishandling of the property? I will of course ask these questions to the letting agent this week.
I would be interested to know if any other landlords, who have instructed on a let only basis, have let the letting agent manage the deposit.
Kind regards,
LeadingEdge
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