Estate Agent fees

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    Estate Agent fees

    Hi.
    I need to find a new tenant for my one bedroom flat. As I have a new job and have little time to find tenants etc I have approached an estate agent.
    Does it sound reasonable to you getting charged 9 per cent +vat monthly for the management of the property (which also includes fee for finding the tenants).
    The flat is in London (East).
    Thanks

    #2
    I'm paying 10 percent and a 470 upfront fee for Bristol so that sounds good

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      #3
      Yes, that sounds about right.

      Comment


        #4
        Typical, yes. Reasonable - well...
        I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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          #5
          Is the agent any good?

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            #6
            You are asking for management, if you just want them to find you a tenant they'll probably do that for a flat fee instead

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              #7
              very reasonable , some pay a lot more than this . i am just about to rent out a house , let only . i will be paying 75% of first months rent plus inventory fee to the estate agent

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                #8
                Originally posted by philg View Post
                very reasonable , some pay a lot more than this . i am just about to rent out a house , let only . i will be paying 75% of first months rent plus inventory fee to the estate agent
                Ouch!!

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                  #9
                  A few years ago (before the tenant fees ban), agents near me were charging as much as one month's rent +VAT for a 'find only' service.

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