C.k. Lettings Ltd.

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Information about words in this company name or address

lettings

A lettings agent is a United Kingdom term for a facilitator through which an agreement is made between a landlord and tenant for the rental of a residential property. In the UK the agreement between landlord and tenant is normally formalised by the signing of a tenancy agreement. A letting agency will normally charge a commission for their services, usually a percentage of the annual rent.

Lettings agents will often operate under the umbrella of an Estate Agent due to the synergies that exists between the two professions, but there are many agents that deal exclusively with lettings.

Although there are two main types of renting, lettings agents deal primarily with tenancies between private individuals and landlords.
There are currently no statutory arrangements regarding the regulation of letting agents. Around half of UK lettings agents are currently self-regulated. The principle organisations for lettings agents are the Association of Residential Lettings Agents (ARLA) and the Royal Institution of Chartered Surveyors (RICS). These have codes of practice and compliance controls which govern the activities of their members.

The English government also provides its own accrediting body for letting agents, this body is called NALS (National Assured Letting Scheme) . See http://www.nalscheme.co.uk/whatis.htm

In Scotland all landlords must be registered with the local authority. Whilst agents are not required to register, they are actively encouraged to do so.