Property Agency Agreement: Why it's Important and What It Covers
Posted on 30th May 2022
If you are thinking about renting out your property, it is important that you have an agreement in place with the agent.
This document will protect both parties and ensure that everyone knows what they can do and cannot do.
A property agency agreement will cover things like:
-The duration of the tenancy (how long someone must live at your house).
-What happens if someone breaks a rule or doesn't pay rent.
-How much notice needs to be given before ending a tenancy.
-What this means for those living at the property.
-How rent payments will be made and processed by the agent.
-How and when would someone need to pay a deposit. Also, how will this be returned at the end of a tenancy if no damage has been done?
-What happens in case of disputes or disagreements.
-What happens if the property needs to be vacated suddenly.
This agreement is an important document and should not be taken lightly.
Make sure you understand everything that is included before signing anything.
If there are any questions, don't hesitate to ask your agent or solicitor. Having this agreement in place will help ensure a smooth tenancy for everyone involved.
If you would like any further information, please don't hesitate to contact us:
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Tagged as: Lettings
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