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Just in case you missed it, we thought it might be worth republishing this article from Andrew Ellson of The Times.
Of course, at Proper Local we couldn’t agree with Andrew more: the charging structure of most ‘traditional’ estate agents is indeed ridiculous.
Whilst Andrew doesn’t explicitly say it, the structure to which he is referring is a percentage-based fee structure. What very few agents will ever admit to you is that it’s the same amount of work whether you’re selling (or letting) a one bedroom flat as it is a four bedroom house. So quite why an agent would charge a fee which is two, three, four or even five times as much for doing the same job leaves us at a loss too. That’s why we charge a fixed fee.
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At Proper Local we specialise in properties to rent in East London, but wherever in London you are looking to rent a property, this useful guide will help you save time.
Rental contracts in the UK typically contain two month notice periods for both landlords and tenants, although if the original fixed term of the contract has expired (and has lapsed into what it is termed a ‘statutory periodic tenancy’) tenants are only required to give one month’s notice to vacate.
You may not think that tenancy law has a bearing on when you should start your rental search, but it comes back to this: when do agents start marketing properties to let?
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OK, so this is a particularly bad picture, and in all my years as an estate agent I haven’t witnessed property damage even remotely close to what you see here, but… having a bad tenant can devastate your investment if things turn out for the worse.
We’ve prepared this short guide to give you some pointers if you ever find the need to evict a tenants.
Don’t take matters into your own hands – breathe deeply, relax (as much as you can) – make a promise to yourself that that you’ll use the law & logic, not anger and emotion.
Don’t go all macho and try to throw them out of the property yourself, or cut of the electric or gas.
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As professional letting agents in London, Proper Local Estate Agents have seen a number of first-time homebuyers. Our general rule of thumb is to make the process of buying your home for the first time as easy as possible. There are however many mistakes that can be made when viewing property on the Isle of Dogs or looking at property in east London. Here are some of the top mistakes and how to avoid them:
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It’s the question asked by many, many tenants – Why do I have pay so much money to the letting agent to secure a property?
It’s a fair question, and here’s a straightforward answer – other agents charge high tenant fees purely and simply because they can (at the moment).
Whereas other agents have looked at tenant and tenancy administration fees as a source of income, we’ve never believed that it should be like that. We believe that fees charged to tenants should be fair and commensurate with the work, or indeed underlying costs, actually involved.