We let properties FAST. Landlord's pay us from only 3% of the monthly rent AND Tenants pay smaller referencing fees.

LettingAgent.com provides landlords and tenants with a service similiar to Traditional Letting Agents BUT with less than half the fees.

So what do the papers say about Letting Agents ?		  
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Challenge Two: Getting the legals right. The private lettings sector is becoming an increasingly regulated sector – to protect both landlord and tenant. Central to this is the Assured Shorthold Tenancy agreement that should be signed by both parties before a tenancy begins. This explains the rights and responsibilities of each side and covers everything from the amount and frequency of rent payments to the notice periods required when the agreement ends. LettingAgent.com can supply the right forms to ensure your property is run on a proper legal footing.

The company can also help with the other legal requirements for landlords, largely those concerning gas supply, electrical items and furnishings. If your property has gas then it must be inspected by a CORGI registered contractor before tenancies begin and each year thereafter, for example. Failure to comply doesn’t just risk the tenant’s health – landlords can be fined or imprisoned for breaching the rules.

There are other requirements for electrics, electrical items, circuits and mains plugs in properties so it is worth having a qualified electrician take a look on a regular basis. Furnishings also need to comply with their own sets of legal conditions. If you put non-compliant furniture in a rental property you can again face fines or even prison. So make sure each piece of furniture is checked and has passed the appropriate safety tests.

Finally there are legal duties about fire alarms. If the property you are renting out was built after 1993 then at least one mains powered fire alarm must be on each floor to comply with the Smoke Detection Act 1991. Similar systems, or battery operated alternatives, are recommended for older properties and everyone will benefit if you install them. If all this sounds like a lot to get to grips with then that’s another reason to get a professional such as LettingAgent.com on your side. Its staff can explain the rules, arrange all the right inspections and records, and keep you up to date with any new requirements as they happen.

Neil Simpson is a former Personal Finance Journalist of the Year and writes regularly on mortgage issues for the Mail on Sunday and many other publications.

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