Letting agent fees when renting

Guest2

Guest2

Guest2

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We are currently looking to rent and it seems the fees vary from agent to agent.

We paid £130 fees per tennant a few years ago with flats in leeds. Morgans charge £114 per tenant fees plus a month rent to taje the property off the market then a deposit of a month + quarter just before moving in.

Bridgefords lettings the fees are £300 per tenant.

How the these fees vary so much. Someone at bridgefords explained that the £300 per tenant included a moving in and end contract fee or something which i have never even heard of. Do they make up these fee amounts?
 
Guest2 said:
We are currently looking to rent and it seems the fees vary from agent to agent.

We paid £130 fees per tennant a few years ago with flats in leeds. Morgans charge £114 per tenant fees plus a month rent to taje the property off the market then a deposit of a month + quarter just before moving in.

Bridgefords lettings the fees are £300 per tenant.

How the these fees vary so much. Someone at bridgefords explained that the £300 per tenant included a moving in and end contract fee or something which i have never even heard of. Do they make up these fee amounts?
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Yup.
 
It's a number they want to charge. There isn't really anything you can do if they hold the property you want.

The only fee you can easily avoid is the 'contract renewal' one after 12 months, just let the initial contact lapse and it'll automatically move onto a rolling contract where you need to give 1 months notice and the landlord 2 months notice.

Personally one of the best feelings about getting onto the property ladder is knowing I'll hopefully never have to deal with a letting agent ever again (who are in my opinion much worse than estate agents as they give even less of a crap about the property or you).
 
In Bristol, £300 is the normal price for a tenancy fee sadly. Renting is expensive enough as it is and that just makes things worse sadly.
 
They make them up, I was asked for a renewal fee at the end of my last 12 month tenancy, said no - I'm not paying that. No mention of it since.
 
Luckily I've never needed to rent, I can't understand why it cost so much, you are living in someone else's property, paying for their property's ulitities bills, keeping their property warm and safe. Society would be so much better if homes were seen as a place to live not an investment or ladder.
 
I've been renting for five years and each year have been paying a £95 renewal fee. Keep in mind that I can almost see the letting agents from my window and drop the paperwork off myself.

Do you mean that I don't have to be paying this fee?
 
Before I bought my house, the letting agent I was renting through changed hands. They wanted to charge new fees of about £220 for 'handling and processing' the paper work. The wife told them we weren't paying for them to change the logo on the contract. Turns out they were trying to make us renew our contract as we were on a rolling one having not agreed to sign again.
 
These fees are made up from thin air. They charge hundreds for referencing too when in reality it's like £15.
 
FARGO said:
I've been renting for five years and each year have been paying a £95 renewal fee. Keep in mind that I can almost see the letting agents from my window and drop the paperwork off myself.

Do you mean that I don't have to be paying this fee?
Click to expand...

You dont have to pay a fee or sign any paperwork. At the end if a term a standard AST contract automatically becomes a periodic contract.
 
I recently started renting. Pretty sure the fees came to over £300 each per tenant. That added with the deposit and then 6 weeks rent up front = killer first month. Luckily I had savings for this!
 
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