Managed Properties, Management Company, Managing Agent
- These terms are a variation of the same theme.
- Letting agents manage properties including:
- Surveying landlord properties
- Landlords are recommended optimum strategies
- Advertising landlord properties in various mediums
- Finding tenants (tenant find)
- Conducting viewings
- Referencing tenants
- Credit checking tenants and guarantors,
- Drafting and signing contracts (tenancy agreements)
- Check-in tenants
- Collecting tenant rents and transferring from client account to clients
- Conducting periodic inspections
- Arranging certification
- Attending to problems and maintenance
- Check-out tenants
- Condition inspections
- Arrange professional-cleaners ahead of new tenants.
- Some processes are handled differently by agents:
- Provision of in-house or external inventories, (the latter are favoured by tribunals in determining impartiality).
- Certification e.g. EPCs.
Published: 10 November 2013
Last Updated: 17 November 2021