Who's a Letting Agent on this Forum?

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  • jeffrey
    replied
    Originally posted by estateagent View Post
    As a new member to the forum, I am also going to declare that I am a Letting Agent of many years. I think rather than having a them & us approach with regards landlord & agent I prefer to have a more positive view that the relationship is one of working together in providing a service for a reasonable fee to the Landlord. Communication lines should always be open & responsibilities clearly defined.
    Yes- if only all Letting Agents were like that, the LZ 'Letting Agents' Forum would scarcely be used.

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  • estateagent
    replied
    Re. An admission

    As a new member to the forum, I am also going to declare that I am a Letting Agent of many years. I think rather than having a them & us approach with regards landlord & agent I prefer to have a more positive view that the relationship is one of working together in providing a service for a reasonable fee to the Landlord. Communication lines should always be open & responsibilities clearly defined.

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  • jeffrey
    replied
    He's not a Letting Agent; he's just a very naughty boy.

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  • jeffrey
    replied
    Nah, they've all lost their Marbles.

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  • agent46
    replied
    Originally posted by Lawcruncher View Post
    I have just had an inspirational idea. Under Roman law the testimony of slaves was only accepted after torture. Should this rule be applied to letting agents?
    Greece likewise. And there are a lot of letting agents of Greek extraction (in London at least), so there is some scope for arguing there is a cultural precedent.

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  • Lawcruncher
    replied
    I have just had an inspirational idea. Under Roman law the testimony of slaves was only accepted after torture. Should this rule be applied to letting agents?

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  • Rodent1
    replied
    In many cases, the board said, disputes could, and should, be resolved directly by members, out of petty cash if necessary.
    For instance, it was felt that it could not have been worth the postage, let alone the letting agent’s time, to refer a dispute of £4.20. Yet this has happened.
    TDS chief executive Lawrence Greenberg said: “The £4.20 dispute is the lowest so far but we have had many for not much more.
    “This kind of misuse of the adjudication process is the overwhelming reason why the cost of dispute resolution has increased by nearly 100%. This, more than any other cost increase we have experienced, accounts for the level of subscriptions we will have to consider for next year.”

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  • mind the gap
    replied
    Originally posted by Sportingdad View Post
    The journal is standard to persons in the business and as the person who always seems to act as the forumn school mistress correcting everyone I assumed knew what publication I was referring to.
    As I have explained to you at least once already, Sportingdad, I do not correct 'everyone' at all. I work on the sensible principle of 'to each according to his need, from each according to his means'.

    As a quick skim of the syntax and spelling of your post (quoted) will reveal, your need is greater than most.

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  • Sportingdad
    replied
    Originally posted by Ericthelobster View Post
    Did anybody else get the email from them the other day in which they say they're making changes to their procedures for providing contact details of tenants, and state:

    "Over 8,000 deposit repayments valuing almost £5 million are waiting for the response of the lead tenant before the deposit can be repaid. In order to make a deposit repayment we need agreement from both the landlord / letting agent and the lead tenant, along with details of the correct payment method."

    I wonder in how many of those 8,000 cases, the tenant hasn't bothered to respond because they know they are not due to get any of deposit back, eg due to rental arrears - so why bother helping out the LL in any way to claim it? (Just been down that road myself, having to claim it back via the 'Single Claim Process' - involving lots of paperwork, a visit to a Commissioner for Oaths, and weeks of waiting, until they've finally agreed to send it to me.)

    I suspect that's the situation with most of the 8000.
    Yes the situation is starting to break down (TDS never worked under the ARLA trial scheme) 557 disputes in first year, 6,284 in 2nd year and forecast for 12,000 this year refered to ADR who are now in the interest of "better service" are now reducing staff from 70 outsourced to 12 in-house and now for speed will turn more in the tenants favor and cause an increase of "agrieved" tenants who cannot lose by claiming, even thou they may have to wait 12 months for their money.

    http://www.estateagenttoday.co.uk/Ne...&type=lettings

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  • Ericthelobster
    replied
    Originally posted by tom999 View Post
    DPS surveys claim 20% less:
    Did anybody else get the email from them the other day in which they say they're making changes to their procedures for providing contact details of tenants, and state:

    "Over 8,000 deposit repayments valuing almost £5 million are waiting for the response of the lead tenant before the deposit can be repaid. In order to make a deposit repayment we need agreement from both the landlord / letting agent and the lead tenant, along with details of the correct payment method."

    I wonder in how many of those 8,000 cases, the tenant hasn't bothered to respond because they know they are not due to get any of deposit back, eg due to rental arrears - so why bother helping out the LL in any way to claim it? (Just been down that road myself, having to claim it back via the 'Single Claim Process' - involving lots of paperwork, a visit to a Commissioner for Oaths, and weeks of waiting, until they've finally agreed to send it to me.)

    I suspect that's the situation with most of the 8000.

    Leave a comment:


  • Ericthelobster
    replied
    Originally posted by Sportingdad View Post
    The journal is standard to persons in the business and as the person who always seems to act as the forumn school mistress correcting everyone I assumed knew what publication I was referring to.
    Is its title a closely guarded secret, then?

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  • tom999
    replied
    Originally posted by Sportingdad View Post
    On this basis then Landlords should be the first to be regulated
    Not a question of who comes first; the fact remains that the Rugg review has already recommended a ‘light touch’ licensing system for landlords and mandatory regulation for agents. The Government’s response in May 2009, implied that they will want to take forward: a national register of landlords and compulsory licensing of letting agents.

    Originally posted by Sportingdad View Post
    I hope and assume all agents have 100% deposit protection.
    Well you assume incorrectly; there are posts on LLZ about A's acting for LL's, who have not protected deposits.

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  • Sportingdad
    replied
    Originally posted by mind the gap View Post
    Is the Pope a Catholic?

    Are teenagers grumpy when they wake up?

    Has it rained in Cumbria this week?

    Are cats ungrateful?
    Originally posted by tom999 View Post
    DPS surveys claim 20% less:
    June 2008: "...62 percent of landlords willing to admit openly to prospective tenants that they were not registered with any deposit protection scheme"
    September 2009: "...30 per cent of landlords are prepared openly to admit to not registering a deposit – compared to 61 per cent in 2008."
    On this basis then Landlords should be the first to be regulated, I hope and assume all agents have 100% deposit protection.

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  • Sportingdad
    replied
    Originally posted by mind the gap View Post
    In that case it would be amazing if the circulation justified the costs of publication Unlikely, but since you have not yet felt able to reveal the name of this learned journal, how can I be sure? (However, I can say with some certainty that I am not a subsciber to anything, since the word doesn't exist).
    The journal is standard to persons in the business and as the person who always seems to act as the forumn school mistress correcting everyone I assumed knew what publication I was referring to.

    Leave a comment:


  • tom999
    replied
    Originally posted by Sportingdad View Post
    A article i was reading recently in a highly regarded letting industry publication stated that 50% of LL's are not registering deposits...
    DPS surveys claim 20% less:
    June 2008: "...62 percent of landlords willing to admit openly to prospective tenants that they were not registered with any deposit protection scheme"
    September 2009: "...30 per cent of landlords are prepared openly to admit to not registering a deposit – compared to 61 per cent in 2008."

    Leave a comment:

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