Recent research from an independent marketing consultancy claims that only half of UK landlords use a letting agent. Other parties estimate the figure to be more like 60%, but with increasing scrutiny being placed on the obligations of landlords, as well as recent moves to beef-up legislation in the private lettings sector, Cambridge letting agent Martin & Co predicts the percentage of landlords using agents will grow significantly in the coming years.
Nick Diggle, of ARLA-registered Martin & Co Letting Agents in Cambridge, said: “Private landlords tend to be busy people, and as such it can be difficult for them to keep up with every single aspect of lettings best practice and property legislation - whether that’s how to serve legal notices properly, how to register and properly handle tenant deposits, or what procedures to follow if they want to legally recover possession of their property."
Private Landlords Should Consider Using Letting Agents as Rental Legislation Increases
Nick continues: “I have little doubt that as the lettings sector grows in both scope and significance in England, the government will seek closer scrutiny of lettings legislation and the responsibilities placed upon landlords. I expect greater safeguards for tenants, the potential for measures to provide longer term tenancies (as are popular in Europe), and a refocusing on healthy and safety regulations in rental properties."
"For this reason, it has never been more important for landlords and property investors to work with an agent that can keep you properly informed of changes that will affect you. Legislation can be a minefield for the uninitiated, but then that’s exactly why you work with a qualified letting agent, like Martin & Co in Cambridge.”
Use an ARLA Registered, Qualified Letting Agent
Cambridge letting agent Martin & Co demonstrated its specialist lettings and property management credentials in 2011, when the firm’s director, Nick, was singled out as the Association of Residential Letting Agent’s (ARLA’s) Student of the Year, having achieved the highest overall mark in the UK in its Lettings and Property Management technical qualification.
ARLA chief exec at the time, Peter Bolton King, said the achievement “clearly demonstrates [his] commitment to quality knowledge in an industry where quality knowledge is absolutely essential.”
Contact Martin & Co Letting agents in Cambridge today if you are have property that you wish to let out, if you are looking for a place to live, or if you have any questions about the range of services the firm provides.