contracts sorted with PlanetRent
Mary-Anne Bowring 25/06/2020
2272
The Importance of Tenant Reference Checks
- Landlords facing tenant issues, including rent arrears or anti-social behavior, may struggle with lengthy repossession processes. Proper reference checks help prevent these problems.
The Impact of Pre-Pandemic ‘Panic-Letting’
- Many landlords rushed to let properties during the pandemic without conducting proper reference checks, leading to tenant issues and legal complications.
The Growing Backlog of Possession Claims
With eviction bans lifting and a backlog of five months, landlords should first engage with tenants for solutions before resorting to costly legal proceedings.
How PlanetRent Simplifies Tenant Referencing
PlanetRent’s cloud-based platform automates reference checks, ensuring landlords and agents avoid errors and speed up the leasing process.
Creating Watertight Contracts to Protect Your Property
Mistakes in contracts can be exploited by rogue tenants. PlanetRent prevents errors and automates signing, making lease agreements more secure.
Minimizing Voids with Smart Lease Management
PlanetRent’s lockout clause feature helps landlords avoid vacancies during low-demand months by adjusting tenancy lengths strategically.
Planetrent Properties
info@planetrent.co.uk
0208 0599 550 (for sales)
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.