What does "letting agency" refer to in property management?

The term "letting agency" refers specifically to a business that assists landlords in renting out their properties and managing the relationships with tenants. These agencies provide a range of services including advertising rental properties, conducting viewings, screening potential tenants, handling lease agreements, and managing property maintenance and tenant concerns. This comprehensive support allows landlords to effectively manage their rental investments while ensuring tenants receive the necessary assistance and support during their tenancy.

The other choices do not accurately represent the primary function of a letting agency. While legal assistance and regulatory organizations may be involved in the property rental process, they do not encapsulate the full scope of services provided by a letting agency. Insurance for property owners is also unrelated, as it pertains specifically to risk management rather than the facilitation of rentals. Thus, the best definition of "letting agency" aligns closely with the role of helping landlords navigate the rental process and maintaining their properties.