When it comes to renting or letting a property, it can be difficult to know where to start. Not only are there a seemingly endless number of factors to consider in terms of personal preferences — such as location, price, and overall condition of the property — there is a whole host of legal requirements to factor into the equation too.
That’s where an ARLA (Association of Residential Letting Agents) approved agent, like Applegate Properties, comes in. Here, we’re exploring four ways this industry regulation can provide peace of mind for prospective buyers or renters, and why using a trusted team can make or break your experience.
What does it mean for an agent to be ARLA Propertymark protected?
The first step to becoming ARLA Propertymark protected is to become a member of this professional body. For this, the estate agent must provide evidence that they meet certain requirements, such as having appropriate insurance, complying with money laundering regulations, and adhering to a code of conduct and professional standards.
Once the estate agent is a member of ARLA Propertymark, they can then apply to become ARLA-approved. Following a rigorous training and assessment process to demonstrate their knowledge and expertise in residential letting and property management, the organisation — if successful — will be awarded ARLA-approved status.
However, it is important to note that ARLA-approved status is not permanent. Estate agents must continue to meet membership requirements and adhere to its code of conduct and professional standards, in order to obtain such status. This includes undertaking ongoing training and development to stay up to date with changes in the industry and any new legislation or regulations.
So, what does this mean for landlords and tenants?
Tapping into a high standard of professionalism and expertise
ARLA is a professional body for letting agents and has strict codes of conduct and standards that its members must adhere to. This means that if you use an ARLA-approved agent, you can be confident that they are knowledgeable and experienced in their field, and that they will act with integrity and professionalism at all times.
Gaining valuable guidance throughout the rental or letting process
This can include guidance on legal requirements such as the Tenancy Deposit Scheme and the Gas Safety Regulations, as well as advice on issues such as rent reviews and property maintenance. With this, you can feel more confident that you are meeting your legal obligations and that your property is being managed effectively.
Access to a wide range of resources and networks
Your agent may, for example, have access to property management software that allows them to manage properties more efficiently and effectively, or they may have connections with local tradespeople who can carry out maintenance and repairs quickly and cost-effectively. Additionally, they may have access to a pool of potential tenants or properties that are not available through other channels.
Peace of mind from enquiry to completion (and beyond!)
By working with an agent who is a member of a professional body, you can feel more confident that they are working to high standards, and that any issues or disputes will be handled in a fair and transparent manner. Additionally, many ARLA-approved agents offer insurance products that can provide additional protection for both landlords and tenants.
From their expertise and professionalism to their access to resources and networks, using an ARLA-approved agent can provide valuable guidance, support, and peace of mind when you need it. If you’re a landlord or tenant, and want to know more about Applegate Properties’ expertise, why not get in touch with our award-winning estate and lettings specialists in Holmfirth?