I paid £250 for two of us in Southampton. Nothing like giving them £250 for spending 5 minutes showing you round a flat and 10 minutes calling 3 companies to change names over (Which they fail at a lot of the time).
Agency Fees When Renting?
- Thread starter Ivan Drago
- Start date
That's usually upto you to sort out.
Also costs them £x a head to do credit checks, Then time to do reference checks, solicitous fees for contracts and for future problems with tenants. Still outrages money, but it is far more than showing you around a place for 10minutes.
Consigliere
- Joined
- 12 Jun 2004
- Posts
- 151,030
- Location
- SW17
Instead of making a new thread, when it comes to process of renting a flat from a private landlord, how long does it take from "okay i'll take it" to physically being moved in?
AcidHell2: I love South Kensington...but it's out of my budget,even if i am living with my girlfriend.
AcidHell2: I love South Kensington...but it's out of my budget,even if i am living with my girlfriend.
Depends on you and the landlord. You can negotiate and agree anything you like.
They will want you in as soon as the other people leave. If it;'s empty they will probably want a couple of days to check references. But last time I went private they didn't check and where happy with payslips, we could have moved in that hour if we wanted.
It does? Doesn't allow me to search for private lets only when doing a search for Edinburgh.
Consigliere
- Joined
- 12 Jun 2004
- Posts
- 151,030
- Location
- SW17
Great.
I asked a friend of mine who recently moved into a flat and she said it took a couple of days. Just calming myself down a bit...contract ends on my current property next saturday - 21st - so it's going to be interesting.
Soldato
- Joined
- 3 Aug 2010
- Posts
- 2,689
We just moved into a rented property. The agency fees for the two of us were around £200 (West Yorkshire) - assume its dearer in London.
Provided the property is empty at the moment, which ours was, from the landlord accepting us, to us moving in, was about 2 weeks - but this was because of us moving in after there'd been a bank holiday so the agency were closed for 4 days and couldn't move us in on the weekend before. We could've been in within a week.
Provided the property is empty at the moment, which ours was, from the landlord accepting us, to us moving in, was about 2 weeks - but this was because of us moving in after there'd been a bank holiday so the agency were closed for 4 days and couldn't move us in on the weekend before. We could've been in within a week.
21st - so it's going to be interesting.
yes it could, most places will start advertising as soon as previous tenant hands in notice.
Consigliere
- Joined
- 12 Jun 2004
- Posts
- 151,030
- Location
- SW17
Well, we have a few options if things don't go well. We'll put things into storage and so on but i'm quietly confident it'll be sorted. Watch this space.
She said the holding fee wasn't returned
£200 bumps our rent bracket up to £600 for the majority of a 6 month contract so yeah, it is worth it. Some really nice properties in the town centre when you start looking at £600.
Was it subtracted from the other costs though. I have never seen a case where it has not been. Of ocurse tehy wont return it, why would tehy return it, when you have to pay them another 1.5k+She said the holding fee wasn't returned
It is usually non refundable(ie if you don;t sign contract, you don;t get it back), but subtracted from the other costs, once you settle up.
But a £600 is going to have similar fees so will not average out at 600. Unless you find a private one.
Last edited:
The holding fee is payed so they take it off the market and once the contracts are signed the holding fee is basically put into the deposit.
For example:
Holding fee: £400
Deposit:£800
If you have payed a holding fee then you would only pay £400 and that would be your deposit payed.
For example:
Holding fee: £400
Deposit:£800
If you have payed a holding fee then you would only pay £400 and that would be your deposit payed.
We're in the process of going through an agent to get our house, we've found the house we want, but it seems to have been advertised with the most expensive agent, therefore, we are paying £1473 to move into our house, that includes a £600 bond and £550 first month rent, therefore the fees are £323, it's a joke! Another agent we checked with for a different property only wanted £84 per applicant, so yes, it varys quite wildly.
Apparently it wasn't. She said it was a non refundable one off payment that went straight to them.
Most other places round here do the deposit as 1 months rent and do £100 referencing fee. So it will average out fine.
So it basically part of there agency fee which still makes it very normal rate.
75x2 + 100. Lot of places will charge 250, is on the high side, but not unusual.
£100 holding fee
£75x2 reference
£100 prep fee
All goes to them, never to be seen again.