Letting fees
Author
Discussion

Simpo Two

Original Poster:

89,211 posts

281 months

Tuesday 16th June 2009
quotequote all
Just a quickie.

I have a 3-bed detached house sitting empty that may as well be used to make some money.

My local agent has two deals:

1) Introduction only: Fee equal to one month rent (£750).
2) Introduction + management: Introduction fee of 75% of first month rent, plus 10% monthly fee thereafter.

Does that fair or should I shop around? Or haggle - and if so, on what grounds?


NB Fees are + VAT

Edited by Simpo Two on Tuesday 16th June 11:52

benprince85

28 posts

208 months

Tuesday 16th June 2009
quotequote all
I can't really comment on the amounts really. But my only suggestion would be look carefully who you use.

Myself and 3 others are tenants in a hosue let by YourMove. I can honestly say i have never been so shocked by people's inability to manage something. First off, their fees are more than everyeone elses, then they dished us out the wrong forms at the beginning. O and there is the small problem of them being 3 dumb women that obviously never speak to one another. It takes ages to get anything sorted with them. Appauling service really.

Rant over! =]

Nolar Dog

8,786 posts

211 months

Tuesday 16th June 2009
quotequote all
The company we used to use charges a flat fee of 15% for "management".

They could only just about manage to wipe their arse.
We don't use them any more.

Simpo Two

Original Poster:

89,211 posts

281 months

Tuesday 16th June 2009
quotequote all
Thanks folks - so 10% looks pretty good. It's a small local estate agent and so far the service has been faultless - but them I'm a potential landlord and source of income!