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Letting agents are responsible for locating suitable tenants for rental properties. They may advertise available units, arrange property viewings, and guide potential renters throughout the process.
Letting agents handle the collection of rent from tenants and ensure that all financial transactions related to the tenancy are properly managed. They also oversee the overall management of the tenancy, addressing any issues or concerns that may arise during the rental period.
Letting agents follow up on leads or inquiries from prospective renters, providing them with necessary information, answering their questions, and guiding them through the rental application process.
As part of the tenant selection process, letting agents conduct background checks, credit checks, and other evaluations to determine the suitability of prospective renters. This helps ensure that the tenants meet the necessary qualifications and can be relied upon to fulfill their rental obligations.
Letting agents prepare leasing documents in accordance with property standards and regulations. They ensure that all necessary clauses and legal requirements are included, protecting both the landlord and the tenant's rights and obligations.
These are some of the key responsibilities typically associated with letting agents in their role of managing properties for private landlords.