PlanetRent launches partnership with LegalforLandlords
Author : Mary-Anne Bowring/Mortgage Introducer
Automated lettings platform PlanetRent has partnered with legal firm LegalforLandlords, to help support landlords with their legal requirements. The Warrington-based legal service has an in-house legal team, but also offers services from a selection of partners, which includes the Financial Conduct Authority (FCA) and Equifax; it provides support from basic legal matters to advice on dealing with difficult tenants. PlanetRent automates key processes in the lettings process such as compliance and marketing, and was developed in-house by residential property consultancy Ringley Group. The announcement comes just a month after the business unveiled its partnership with The360View to offer virtual tours of rental properties.
Mary-Anne Bowring (pictured), group managing director at Ringley and creator of PlanetRent, said: “We’re delighted to announce our partnership with LegalforLandlords, which will enable landlords to access legal advice for any problems they face. “ Landlords and agents who use PlanetRent will be able to directly access the services of LegalforLandlords through our platform. “All landlords, whether large or small should always be able to access legal advice and support, and this partnership will enable landlords who use PlanetRent to use the services offered by LegalforLandlords.”
Jessica Bird: PlanetRent launches partnership with LegalforLandlords
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.