Oct 102021

If an agent has been ordered to collect the rent, he or she should have procedures in place to inform both landlords and tenants (and, where applicable, guarantors) in a timely manner of the long-awaited rent and take appropriate steps to notify rent guarantee insurers (if any). Whether the broker has been assigned to manage the lease, the responsibility for paying the rent rests with the tenant. The broker is not a party to the lease agreement, so any right to rent arrears should be addressed to the tenant, citing his obligations under the lease agreement. Mandated by the agent or lessor to write cheques to potential tenants. Provides a report on the suitability or incapacity of the potential tenant based on the checks carried out. . . .

 Posted by at 9:17 pm

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