Letting agent charges

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    Letting agent charges

    Dear All,

    Am moving into a new rental property and the agent has the following in their terms:

    A Tenancy Extension Fee payable when applicable, which covers the cost of preparing a new Tenancy Agreement in respect of the property which is £115

    A Check Out Fee which covers the cost of checking the Inventory at the property on expiry of the Tenancy which is £110

    I have never been charged either in 9 years of renting and wondering on the legality of the charges and can they enforce them?

    Kind regards,
    Hannah

    #2
    Originally posted by hanamck View Post
    Dear All,

    Am moving into a new rental property and the agent has the following in their terms:

    A Tenancy Extension Fee payable when applicable, which covers the cost of preparing a new Tenancy Agreement in respect of the property which is £115

    A Check Out Fee which covers the cost of checking the Inventory at the property on expiry of the Tenancy which is £110

    I have never been charged either in 9 years of renting and wondering on the legality of the charges and can they enforce them?

    Kind regards,
    Hannah
    These are indeed money for old rope, but they are fairly standard old rope. Provided you were given information about the charges before signing anything, they can sting you for them, yes.

    Worth checking out other agents in the area, but I suspect you will find they are much of a muchness.
    'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

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      #3
      Hi there,

      I thought it was pretty much a scam! I haven't signed anything yet. Can I do anything not to pay as it's just plain daylight robbery!

      Kind regards,
      Hannah

      Comment


        #4
        Originally posted by hanamck View Post
        Hi there,

        I thought it was pretty much a scam! I haven't signed anything yet. Can I do anything not to pay as it's just plain daylight robbery!

        Kind regards,
        Hannah

        Yes. You could decide to live on a park bench instead, or back at home with your parents, whichever is the more appealing.

        It's market forces, innit. If they are really desperate to let the property to you, they may reduce them - it's worth trying to haggle - but they will probably look at you in that affronted way people have when you suggest they should work for nothing, and refuse.
        'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

        Comment


          #5
          Or you go to another agent that doesn't charge, as I say, been renting 9 years and never encountered such a scam!

          Comment


            #6
            Originally posted by hanamck View Post
            Or you go to another agent that doesn't charge, as I say, been renting 9 years and never encountered such a scam!
            With respect, you are being naive. Either they will charge you higher fees 'up front', or lower fees up front but a higher rent.

            I challenge you to find any letting agent who will not charge you to find a property. How do you think they make a living? They will also be charging the LL approx half the first month's rent, if that is any consolation.

            The other way to avoid fees is to find a property via a private LL who does not use an agent - but it could be frying pan & fire scenario.
            'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

            Comment


              #7
              No I'm not as I actually own 2 houses and rent them out and I have never been charged for re-doing a rental agreement, only the half a month fee to cover getting it organised. I know I never charged my tenants for check out fees either! So I can't understand why this is allowed to be gotten away with as not everyone does it as I have mentioned.

              I don't mind paying intial fees but renewal fees are a joke! The landlord is paying them a monthly management fee to manage the property and most of the time they do nothing for that money and to charge for changing a date on a contract £115 is wrong.

              Comment


                #8
                Originally posted by hanamck View Post
                No I'm not as I actually own 2 houses and rent them out and I have never been charged for re-doing a rental agreement, only the half a month fee to cover getting it organised. I know I never charged my tenants for check out fees either! So I can't understand why this is allowed to be gotten away with as not everyone does it as I have mentioned.

                I don't mind paying intial fees but renewal fees are a joke! The landlord is paying them a monthly management fee to manage the property and most of the time they do nothing for that money and to charge for changing a date on a contract £115 is wrong.
                Yes, I agree with you that renewal fees are a rip-off and that agents are wicked, wicked people.

                So don't use them!
                'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                Comment


                  #9
                  You're missing my point.

                  You're conforming to their ways and I'm trying to see if there is any way out of this, which from what I am gathering is no as agents can make up what they like for what if you want to rent/buy a house they have!

                  Comment


                    #10
                    Originally posted by hanamck View Post
                    You're missing my point.

                    You're conforming to their ways and I'm trying to see if there is any way out of this, which from what I am gathering is no as agents can make up what they like for what if you want to rent/buy a house they have!
                    No, I think I get your point very well. Your point is that you do not think people should put up with the silly fees charged by letting agents. The fees are indeed silly for the times spent doing the work, but we could say that about a lot of jobs/services, couldn't we?

                    My point is that it's horses for courses. They charge them, because there are enough people who need their services enough to be willing to pay them. I am not 'conforming to their ways' in the slightest; I have never used agents, as I market and manage my own properties and have not needed their overpriced services. If I ever struggle to find tenants, I suppose I will have to consider paying their silly fees and make a bit less profit, rather than have an empty property; it will be a business decision. I am not 'conforming to their ways' in the slightest.

                    For a tenant's options, I would refer you back to my previous posts. Good night!
                    'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                    Comment


                      #11
                      Well that's exactly what I mean so I'm glad you agree!

                      Comment


                        #12
                        Note: there is no contract between A and T. So anything that A specifies is irrelevant. The obligation to pay these outrageous amounts can be validly imposed only by L, in the Letting Agreement, and only L can enforce that unless it explicitly extends the Agreement's benefit to A.
                        JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                        1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                        2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                        3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                        4. *- Contact info: click on my name (blue-highlight link).

                        Comment


                          #13
                          That's more the answer I was looking for, from a legal point. Thanks ever so much.

                          Comment


                            #14
                            Originally posted by mind the gap View Post
                            Yes, I agree with you that renewal fees are a rip-off and that agents are wicked, wicked people.

                            So don't use them!
                            If NFOPP had a look at your post you might find that Tom the Editor receives a succinct letter. I understand not everybody wants to use an agent but this sort of defammatory drivel needs to be countered.
                            The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

                            Comment


                              #15
                              Originally posted by Paul_f View Post
                              If NFOPP had a look at your post you might find that Tom the Editor receives a succinct letter. I understand not everybody wants to use an agent but this sort of defammatory drivel needs to be countered.
                              It's neither defammatory [sic] nor defamatory- just fair comment, whether true or not (and whether drivel or not!)
                              JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                              1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                              2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                              3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                              4. *- Contact info: click on my name (blue-highlight link).

                              Comment

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