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NAEA members not only offer reassurance to the property buying and selling public but also to those choosing to let or rent a property. By instructing an NAEA agent who specialises in lettings and management, landlords and tenants will be assured of defined standards of customer service, experience and professionalism. All principles, partners or directors have professional indemnity insurance and will hold client monies in a separate account protected by a Clients’ Money Protection scheme.
Considering letting a property?
The increase in the buy-to-let market has introduced a number of perhaps less-experienced people to the letting sector of the market. The business of being a landlord can be fraught with problems and difficulties but a member of the NAEA who specialises in lettings and management is well qualified to guide and assist you through the maze of legislation, jargon and agreements.
Advice
Generally the agent will advise on tenant agreements, rent levels, possession, insurance, presentation, marketing, managing and maintaining your property.
Legalities
Once a tenant has been chosen and references taken up, a tenancy agreement may be drawn up for you by the agent or jointly with your solicitor to protect your rights. The principle, partner or director of the NAEA agent will hold Professional Indemnity Insurance and will also belong to a recommended Clients’ Money Protection Scheme.
Inventories
Many agents will prepare a detailed home contents inventory, along with a schedule of dilapidation, which will be approved by the landlord and prospective tenant and then reviewed before the premises are vacated.
Maintenance
If you wish the managing agent can arrange for the day-to-day maintenance of your property. The property will be visited periodically during the course of the tenancy and repairs carried out if necessary as agreed. The agent can also collect the rent and pass it on to you every month as agreed with a statement of account.
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