Letting Agent Encouraging Landlords To Charge More Rent
A letting agent in Bristol has been noted to encourage the landlords to charge higher rents. This curious piece of advice was a result of a rising and reportedly buoyant market in the Bristol area. The apparent inclination of the letting agent was to encourage the landlords to take complete advantage of the current conditions of the property renting market.
The letting agent in question, is Agent CJ Hole, who has actually sent letters to the landlords who utilize their services, and advised them that it is probably due time that they opt for a rent increase on their to let properties.
As a result of a search conducted to validate the authenticity of the news, the letting agent accepted that he had sent letters bearing the mentioned content. The news is now in high circulation in the social media, and has caused a great outbreak from all potential tenants. These tenants view it as a cashing opportunity being grabbed by the letting agent, at their expense.
The outrage was voiced by people who charged the letting agent of cashing in on the limitations of the individuals and families, who had no means of buying a property of their own, and thus; had no choice but to rent a space for accommodation.
The letter was sent to landlords, from the Southville branch of the agency, and asks them “are you getting enough rent?” This question is a precursor to the idea that landlords need to charge higher rents in view of the apparent boom in the rent market in the Bristol area.
The letter discusses the idea that since rent is increasing in Bristol, every week; it is probably high time that the letting agent’s client landlords also opted for a rent increase which is probably overdue.
The letter shares the view that the demand in properties has increased to a “buoyant” stage in the industry, and the demand has in fact exceeded the number of available properties up for rent. This remark has created concern amongst potential tenants.
In the letter, the letting agent is of the view that since the rent market is in such a boom, landlords will be well advised to take advantage of the situation and ask for higher rent amounts in Bristol.
In retaliation, a petition is in circulation against the letting agent, which bears the title of stopping the agent from exploiting the property crisis in Bristol.
Many experts note that the petition should be directed towards the council, to ask them to intervene in the task of changing rental prices.
The news is currently under discussion, which has affected the somewhat pleasant relationship that tenants and landlords generally harbor towards one another. The letting agent and the agency branch have also been under a lot of critique ever since the details of the letter were released to the public.
