What should Landlords look out for when using an estate agent
There has been a lot of talk recently and over time, of how as a Landlord renting out a property you own the costs can mount up, sometimes they may appear stealthily.
Tessa Shepperson writes the popular LandlordLaw blog and has written at length on this & has plenty of useful resources. She has written on the OFT – Foxtons case and consolidated her posts here .
Speaking generally, there is plenty of advice to pick up and on what to look for as a new landlord. Examples have been cited of a customer signing a 5 year contract to have missed the point that the agency required all 5 years worth of commission up front – a heft sum (this was *not* Foxtons). Does one pay repeat fees and commissions to an agency if the tenant stays on a further year and you are self managing the property? Plenty to think about
I write this brief post as someone who is about to rent out a property and someone who runs this website matching people with Lawyers. If you need advice on Landlord law then try her site for the wonderful resource it is. If you would like to speak to a Uk property solicitor with experience in landlord law, then try our free to use, no obligation service where we match you with qualified lawyers
