Finding Letting Agents In London

With a wealth of properties available for rent at any one time anywhere in London, it stands to reason that the letting agents London has are an important part of the chain between tenant and landlord. As an individual, or group of individuals, who agree terms between a landlord and tenant, a lettings agent will help to simplify the renting process, open the lines of communication and ensure all legalities are in place. This hands-on approach smacks of professionalism and makes sure both parties are happy with the deal.

Any of the superior letting agents London offers will spend time getting to know their clients and engaging with them and this will help to make the whole transition smooth, easy and uncomplicated.

Since the credit crunch hit the demand for rental properties has soared to new levels and competition across the capital is stiff. Many first time buyers are putting off the decision to buy a home and added to this the banks are not lending, so mortgages are difficult to come by. This added to an uncertain property future, means that many people are taking the pressure off by renting and this is where the letting agents London has can help.

London offers the greatest choice of properties available but tenants are also competitive and eager. It makes sense that a good lettings agent is an essential part of the property puzzle, helping tenants and landlords to come to a mutual agreement. With vacant premises snapped up quickly, it helps to have someone fighting your corner.

Letting agents London wide will often work alongside estate agents as both roles have many similarities. Estate agents are generally in charge of properties for sale and a lettings agent is usually in charge of a portfolio of rental properties. Some companies, especially in areas like London where rental properties are in demand, work exclusively as lettings specialists and have no sales on their books.

The letting agreement between tenant and landlord is normally signed to formalise the tenancy agreement and both parties must read closely and be happy with the terms. The letting agency will charge a commission fee for their support and services and this is usually a percentage of the annual rent for the property in question.

Services offered by lettings agents include the initial matching up of a landlord to a tenant and some agents facilitate the relationship further by dealing with day to day maintenance issues within the property and collecting rent, especially if the landlord lives abroad or has a number of properties rented out.

Any of the letting agents London boasts will also be able to deal with legalities such as an Assured Shorthold Tenancy agreement and Tenancy Deposit Scheme legislation, which is in place to protect the tenant from unscrupulous landlords.

With residential property rents growing much faster than sales prices, it seems the outlook is good for the rental market. Growing demand forces landlords to modernise and update their properties and the tenant benefits from a nice place to live. A good lettings agent can help to make sure everyone is pleased with their part of the bargain, especially in times of change.

For more information on Hamptons Islington letting agents please visit http://www.hamptons.co.uk or contact us at our London Office:

Hamptons International Sales

97-99 Upper Street

Islington, Greater London N1 0NP

020 7226 4688