Demand for residential property to rent is increasing year on year. Since we took over the former Billinghurst, Higby Chard businesses in Claygate and Hinchley Wood in 2003 we’re now handling three times the amount of rental business than when we started.
Since then we’ve enrolled as members of The Association of Residential Let- tings Agents [ARLA] and I’ve qualified as an individual member by attending training courses followed by tough exams. Instructing us to let your property gives protection for your money and the knowledge that I’m abiding by a code of conduct and am qualified to draw up rental contracts. Much of the demand that we have is for flats up to £1,200 per month and houses up to £3,000. Many properties tend to let within 2 to 3 weeks of us being instructed. Many rent to couples who are not able to buy a property. All prospective tenants are referenced to ensure that they can not only afford to rent the property but to ensure that they have no past “history” that we should know about. Putting the wrong tenant into one of our landlords properties not only causes hassle for the landlord but also for us as agents. We’d prefer a quieter life!
Houses are also let to families between purchases or to tenants from abroad.
Indeed we once let a property to a South African couple who found the property on our website when they were in South Africa and didn’t set foot in the house until the day they moved in.
Our landlords tend to be either investors with a small portfolio or landlords such as the couple in Esher who, having bought their house through us, found within 9 months that the husbands job was moving to Singapore. Rather than sell they decided to keep the property and let it in case they wanted to move back in the future.
With buyers needing large deposits and affordability being so dire we anticipate that the private rented sector in this part of Surrey will go from strength to strength.
Article by Andy Williams MARLA, Lettings Manager