I received an interesting letter from my Property Agent yesterday. The letter stated that all new landlords managed by them need to have Barclay MiS Protect & Collect insurance which would cost $44 per annum. They said as an existing landlord I had the option of not subscribing however I needed to fill out a form declining their offer before May otherwise I would automatically be charged.
This annoyed me greatly as I find it extremely poor to be automatically subscribed for something unless you write in and decline. Also the slip they want you to sign also seems to be a way of waiving their obligations as a managing agent.
It states “The landlord acknowledges that the managing agent’s duties and responsibilities under the management agreement cease upon obtaining a Residential Tenancies Tribunal Order in respect of any debt arising out of the rental or my/out investment property mentioned about and therafter I/we am responsible for all costs and fees associated with the recovery of any outstanding monies”
I just want to clarify what normally is the managing agents responsibility in regard to chasing monies etc. I find this whole thing extremely onerous. I don't have a high opinion of the agent in the first place and this makes me even less happy with them.
This annoyed me greatly as I find it extremely poor to be automatically subscribed for something unless you write in and decline. Also the slip they want you to sign also seems to be a way of waiving their obligations as a managing agent.
It states “The landlord acknowledges that the managing agent’s duties and responsibilities under the management agreement cease upon obtaining a Residential Tenancies Tribunal Order in respect of any debt arising out of the rental or my/out investment property mentioned about and therafter I/we am responsible for all costs and fees associated with the recovery of any outstanding monies”
I just want to clarify what normally is the managing agents responsibility in regard to chasing monies etc. I find this whole thing extremely onerous. I don't have a high opinion of the agent in the first place and this makes me even less happy with them.