19:01 PM, 25th November 2011, About 11 years ago
Dozens of letting agents have gone bust in recent months leaving landlords struggling financial with unpaid rents and unprotected deposits.
In some cases the letting agents are just poor business administrators, but several have ended in court for deliberate and calculating frauds involving the theft of hundreds of thousands of pounds of money belonging to property investors.
This guide gives some pointers for spotting a letting agent in trouble – and gives advice about protecting your cash:
Landlords are financially responsible for returning deposits if the letting agent goes bust
If letting agents can’t or won’t hand over money or documents, then think about transferring to a more reputable firm sooner rather than later.
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