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Agent fees: 508 pounds - is it normal?

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  • Agent fees: 508 pounds - is it normal?

    Hi,

    I have decided to rent a 2-bed cottage in Orpington, BR6.
    The rent is 1100 pounds per month.
    I've payed the holding deposit (400 pounds).

    The agent has sent me the "subject to contract" letter.
    It has a breakdown of the initial payment:

    1 month rent (OK)
    Security deposit (OK)

    Reference fees - 150 pounds
    Tenancy agreement - 150 pounds
    Administration charge - 100 pounds
    Check in - 108 pounds

    It looks like that agent is going to charge me 508 pounds for their services.
    They did NOT tell me in advance (or at least I do not remember) how much they are going to charge me.

    Is it too much? Is it a rip-off?
    Is it just an average agent's fee these days?

    I need an advice.

    Thank you in advance

    Maxim

  • #2
    Re: Agent fees: 508 pounds - is it normal?

    I was under the impression that agents made their money from the landlord, not from charging tenants directly?

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    • #3
      Re: Agent fees: 508 pounds - is it normal?

      Depends on the agent and their fee structure. They now have to list their fees on any advertising.

      Comment


      • #4
        Re: Agent fees: 508 pounds - is it normal?

        Sounds about right for the fees ... top end though .... its a lot of money

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        • #5
          Re: Agent fees: 508 pounds - is it normal?

          Hi, As estate and letting agents we charge fees for letting to our tenants. What an agent charges is down to their discretion. It seems reasonable to me but some agents may be less some maybe more. I have known some agents that charge close to £300 for referencing per applicant. Hope you enjoy your new home!
          Jacks and Jones Estate Agents
          http://www.jacksandjones.co.uk

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          • #6
            Re: Agent fees: 508 pounds - is it normal?

            In Hong Kong the fees are usually half a months rent from the renter and the lettor

            Ged
            http://www.premierexpatmortgages.com
            [email protected]

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            • #7
              Re: Agent fees: 508 pounds - is it normal?

              Its depend upon the agent. We can not sure about it. Different agents have different fee structure.

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