What Exclusive Agency Can Do? - Focus On Quality Tenant
- Wong CM
- Aug 30, 2024
- 1 min read
Why Exclusive Agents Focus on Quality Tenants:
Increased Responsibility: Since the agent has exclusive rights to lease the property, they are fully accountable for finding the right tenant. This motivates them to focus on quality over quantity to maintain their reputation and secure the best results for the landlord.
Long-term Relationship: An exclusive agent often builds a long-term relationship with the landlord, so ensuring a high-quality tenant reduces future issues like unpaid rent or property damage, preserving trust.
Higher Incentives: Exclusive agents often work on a commission, meaning they are invested in finding tenants who will stay longer and meet the landlord's standards, as this ensures a successful, hassle-free transaction.
How Exclusive Agents Focus on Quality Tenants:
Pre-qualification Process: The exclusive agent can dedicate time to thoroughly vet tenants, conducting background checks, financial reviews, and reference checks before any viewings take place.
Selective Marketing: They market the property to target a specific tenant profile, such as those with stable employment, good credit history, or a solid rental record, rather than accepting applications from anyone.
Personalized Service: The agent can offer a more tailored approach, ensuring that potential tenants align with the landlord's requirements, such as lifestyle preferences or specific property rules, avoiding unsuitable applicants.
Upgraded Tenancy Agreement to Protect the Landlord: We use an upgraded tenancy agreement, adding extra clauses and safeguards to protect the landlord. This ensures legal protection against potential tenant issues like property damage or breaches of the lease agreement, offering more security and peace of mind.
By being the sole agent, they can focus more effectively on screening tenants, ensuring that only the best-fit candidates are considered.
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