Busting the Myths on Letting Agencies

by | Sep 13, 2021 | Welcome

Whether you are a landlord or a tenant, it is important to work with a reputable and trustworthy letting agency in order to ensure that your property is in the very best hands. After all, there is a common misconception that letting agencies are only out for themselves and looking to make a quick profit at the expense of clients and their tenants, however this couldn’t be further from the truth! Here at Empanda Properties, we do things differently. Read on as we bust some of the biggest industry myths about letting agencies…

Myth: All letting agencies are the same

The belief that one letting agency is a copy of the next is something that can have a negative impact on your experience as either a landlord or a tenant. After all, it is important to build up a mutual relationship of trust and recognise that there are letting agencies out there that truly do want to help. Always ensure that you shop around to find a letting agency with an approach that aligns with your own.

Myth: There are always hidden fees for renters

Many years ago, renters had to part with a significant sum of money in order to apply for a rental property without the guarantee that they would be accepted. As such, these practices have given modern letting agencies a poor reputation and led to the belief that applying to rent is littered with hidden fees. In actual fact, the law has prevented this from June 1st 2019 as letting agencies were banned from requesting the majority of tenancy fees that many may consider to be ‘hidden’ such as ones for references, administration, credit checks and renewing a tenancy.

Myth: You don’t need a letting agent to rent/buy a property

A lot of homeowners believe that they can sell their home independently of a letting agency, however this can prove to be a struggle as there is no support or financial cover throughout the process. In the same respect, a letting agency provides a middle ground and legal protection for landlords and tenants. Although it can be tempting, it is not quite possible to rent in the same way without the influence of a letting agency.

A letting agency needs to develop a relationship of trust with both landlords and the tenants that will be renting their property. Empanda Properties is the letting agency on your side as we have no hidden fees and our team is 100% transparent at every step of the process, so you can rest assured with the peace of mind that you’ll be protected throughout your let. To find out more information and help us set the record straight, get in contact with the best letting agency Altrincham has to offer today!