Letting Agents

31 January 2024 – 3 Minute Read

Letting agents charge fees to landlords listing properties with them and to tenants applying to let a property through them. While they do vary between agents, there are some ballpark figures available online. Yell.com listed agents, Savills offer packages to landlords from 15% of the monthly rent, per month, during let periods and a fee of £1,200. For those looking to rent from an agency, fees are now capped under the Tenant Fees Act 2019. This means that agencies cannot charge admin or ‘standard’ fees. Security deposits are also capped at no more than 5 weeks rent, and changes to tenancies at £50.