Crawley Agent is now a Safe Agent
Crawley Lettings Agent Inspire Estate Agents offers protection to landlords and tenants!
Virtually every week we hear about another Estate Agent that is closing down in the news. In fact it is a sad fact of today's difficult trading environment that many household names (Woolworths and JJD sports) have vanished from our high streets.
If any of these failing businesses are lettings agents who do not have any Client Money Protection insurance – then it is likely that the landlord’s rent money and the tenant’s security deposit money will be lost at the same time as the Estate Agent loses their livelihood.
What many landlords are not aware of is that letting agencies are engaged to act as agents on behalf of the landlord. So, if the tenant’s security deposit money or the landlord’s rent money is misappropriated (or lost when the business goes bust) – then the LANDLORD remains liable for the loss. If you are a multi landlord then this could mean a serious amount of money!
So how can you tell if you current lettings agent offers you the protection you need. We advise to look for the safe agent Kitemark!
Safe Agent Fully Endorsed – is a mark denoting firms that protect landlords and tenants money through client money protection schemes.
At Inspire we understand many Landlords and tenants often make decisions based on cost but it is important to ensure you ask your agent for details of the organisation they are regulated by and whether or not they are covered by a client money protection scheme. All agents who are part of ARLA/NFOPP, the Law Society, NALS and RICS maintain and operate separate designated client accounts where your money is held completely separate from the operating funds of the firm. If the agent you are using cannot provide you with the assurance of knowing they are covered by a client money protection scheme the question you need to ask is why not?
If you are a landlord in Crawley and are concerned about your potential exposure then contact our lettings department now to discuss how we can give you that cover you desperately need.