Landlords & Letting AgentsApril 26, 2017 10:33 am
People often start with flat rentals in Glasgow and think all they need is a flat and a tenant. But there is actually a bit more to it, especially from a legal viewpoint. Primarily there is the tenancy agreement, the background checks you are advised to make and the secure scheme you need to place the deposit into.
If you want to simplify the process, you can employ a letting agent. These are the people who work to find the tenant for your property, conduct the required checks and will set up the tenancy agreement. As this is their speciality, they can ensure the agreement is legal and fair to both parties and foresee any potential problems that a DIY agreement can lead to. They can also collect that deposit payment and ensure it goes into a government-sponsored scheme.
After that, how much they do is up to you. You can handle the rest of the tenancy yourself or you can employ them to run the tenancy for you. This includes collecting rent, conducting periodic inspections and organising annual maintenance work as well as emergency work if needed. They do charge for this service but it is well worth considering if you don’t have the time to do it all yourself or don’t live in Glasgow or close by.