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SECURITY DEPOSIT, WHAT DOES THE LAW SAY.
Renting a property involves various legal aspects to protect both landlords or property managers and tenants. One crucial element is the security deposit, a sum of money paid by the tenant to secure the performance of their obligations during the tenancy. In this blog post, we'll delve into the legalities surrounding tenant security deposits, focusing on the key provisions outlined in The Landlord and Tenant Act 2022.1. Limitations on the Amount of Security Deposit.According to the law, a landlord is permitted to request a security deposit, but with specific limitations. Notably, a landlord cannot demand more than one security deposit, and the amount should not exceed the equivalent of one month's rent or one-twelfth of the annual rent, whichever is less. These restrictions are in place to ensure that tenants are not burdened with excessive upfront costs.2. Terms and Conditions for Withholding the Security Deposit.It is imperative for landlords to communicate the terms and conditions g
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HOW TO GET REFERRALS AS A REAL ESTATE AGENT.
As a real estate agent, referrals are an essential part of building your business. They not only help you to generate new leads but also provide social proof that can help to build your credibility and trust with potential clients. Here are some tips on how to get referrals as a real estate agent:
Provide excellent customer service
Providing excellent customer service is one of the most effective ways to get referrals. When you go above and beyond for your clients, they are more likely to recommend you to their friends and family. Make sure to communicate regularly, answer questions promptly, and provide personalized service to each client.
Ask for referrals
Don't be afraid to ask your clients for referrals. Let them know that you're actively looking for new business and would appreciate any recommendations they can provide. You may want to include a referral request in your email signature or on your business card.
Build a strong online presence
Building a st
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WHEN A BUYER SAYS: 'I WILL GET BACK TO YOU'
As a real estate agent, it's common to hear the phrase "I'll get back to you" from a potential buyer especially after several follow up calls. While it may be tempting to interpret this as a polite way of saying "no," it's important to remember that buyers may have many reasons for needing more time to make a decision. In this blog, we'll explore some tips for what to say as an agent when a buyer says "I'll get back to you."
Thank them for their time
Regardless of whether the buyer ultimately decides to move forward with a purchase, it's important to show appreciation for their time and interest in the property. Saying something like "Thank you for considering this property" or "I appreciate you taking the time to look at this home" can help create a positive relationship with the buyer, even if they don't ultimately make a purchase.
Ask for a timeline
One way to follow up with a buyer who says they'll get back to you is to ask for a timeline for when they expect to
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2024
- Walisa Property Agency
Address: Plot 868, Ntinda, Old Kira Road (next independent hospital opposite Rube petrol station), Kisaakye Business Centre, Level 3, Room 11.
P.O. Box: 151067 Kampala, Uganda
Mobile: +256-776-878335, +256-701-966945
LandLine: +256-414-593875
Email: info@WalisaProperty.com Website: www.WalisaProperty.com
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