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10 Keys to Rent a Home Through an Agency

10 Keys to Rent a Home Through an Agency

The relationship can be limited to search the tenant or cover the comprehensive management.

Rent A Home Through An Agency Post Contains

Rental housing has risen more than 36% over the last 10 years to reach 14.5% of the housing stock ,This volume of rents, only 30% is done through real estate agents, since most opt to negotiate directly with the owner, according to Arrenta. Does it outweigh use an agency to find rental housing? Here are 10 keys for you to decide.

Comprehensive Management Of Rental

As a result of the increase of the rental market and the restructuring of business intermediation there is a wide variety of agencies managing rentals. The services provided vary according to specialization. The relationship can be limited only to finding the tenant without paying any additional service, but the agency may also lead management rent, ensure the legal defense of the owner and the unpaid income through insurance.

“The agency comprehensive income paid directly to the owner, assuming the risk of defaults that may occur and responding directly manage them without going to any insurance , ” says José Ramón Lefty, director general of the Agency Negotiator rent.

Selecting Agency

Before choosing the agency with which to make rental housing, the owner should know what services because they will determine their relationship with the agency. ” You should choose the agency or estate that closeness, trust, way of working, prestige and fees it might seem more appropriate , ” explained from Guaranteed Income.

If you opt for an agency that performs the integral management of rental, “the owner get the content of the agreement in the contract is fulfilled, since many breaches come from  affect tenants obligations that are not theirs as occurs frequently in works and repairs issues , “said Lefty. Furthermore, it is assured the payment of rent because it is the owner who pays the agency.

Contractual Relationship

According to the services provided by the agency to the owner, the relationship is established through a custom note when only concerned with seeking tenant. “When the comprehensive management hires a document custom rent, a lease that complies with the Law of Urban Leases is signed between landlord, tenant and agency and a contract of service is required , ” according the Agency Negotiator.  in the service contract is where the bases and set fees that will have to be paid if you end the lease is done through the agency.

Visits And Evaluation

The visit and suitability of the property is first carried out by the agency to get it a competitive product. In the same  it is found that housing has discharged all supplies , that is unlivable and has the energy certificate, a requirement since June 2015.

“The visit to the housing also serves to make an assessment and appraisal to adapt the rental price at the market price , It is essential to know the average price of the area, age of housing, size or whether it is furnished or not to determine income. A thorough knowledge of the market is the trick with agencies when setting the rent.

Housing Development

After the visit usually a report on the state of the facilities is done to avoid problems later. All this information is provided to the tenant before visiting the house. The agency is responsible for promoting property and real estate web portals and, in parallel, perform searches in its own database of potential tenants. “The owner uses the agency that seeks security and efficient management, wants to return his property while the tenant does not look professional, looking for housing , 

Tenant Solvency Study

The choice of suitable tenant goes through a preliminary study conducted by the agencies solvency, to make sure that it is not in default so retrieve these files before choosing the candidate , ” confirmed from Insurance Car. Thus, they ensure the financial situation of the tenant without additional guarantees requested.

Deposits, Guarantees And Deposits

The additional guarantees that the landlord can ask to ensure collection of rent, the deposit established in a monthly payment that is required as indicated by the law , but the guarantees and deposits are unusual when contracted through specialised agencies. The problem with these guarantees is that they require a large outlay the tenant in the case of deposits and bank guarantees have a specific validity period.

Insurance Nonpayment Of Rent

One of the most valued services by rental agencies are default insurance that allow the owner collect the rent in case of default without awaiting sentencing. These insurance cover from the unpaid rent housing to damage or legal expenses barrister and solicitor if eviction. The premium is based on the coverage and income housing . However, since Safe Rental recognize that “when the tenant has trouble paying is better refinance debt or seek more affordable housing because of default insurance does not solve many cases.”

Commissions

It is not regulated the commission to be paid. In some cases, the cost is borne by the owner and other tenant, but if it is a full service payment of fees is split between them. Typically , you pay a month’s rent plus VAT . “The fees are paid by who enlists the services of the agency, in our case it is always the owner, but not exclusively work with, the owner can rent the property directly , ” explained Guaranteed Rentals.

Nonexclusive

Although in most cases agencies do not work exclusively recognize that it is not unusual for homeowners and renters arrive to sign the lease outside the agency. In the event that they did, the owner must pay the agency a month’s rent . In addition, agencies perform the payment of the deposit in the relevant body of the autonomous community, the legal defense in the resolution of contracts in case of eviction and unemployment housing.

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