The most popular method for a landlord to find a tenant is to include a letting agent into the formula. In these circumstances, we require people who are knowledgeable and who can assist us effectively, for this reason we hire agents. rental agents will provide us with all of this help for fees.
To make sure you will not be overcharged, you should know the fundamentals concerning the kinds of charges your letting agent will ask you to pay.
One of the more important duties a letting agent will perform is to introduce a tenant to a landlord, therefore aiding the transactions between them. Since this is the most important transaction, additionally it is the highest fee the rental agent necessitates.
As soon as you have the contract drawn up, the agent will ask for a percentage of the total monthly rent up-front. You need to make sure this fee stays between 6 percent and twelve percent. Any much higher percentage would require the letting agent to make clear the reason this is the case.
An administration fee is charged to a prospective tenant simultaneously as the introductory fee. Given that the letting agent has to perform background and consumer credit assessments, this fee will take care of all the paperwork.
low tenancy fees