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Wurzel Of Highbridge

Poll: How Much Did You Pay In Letting Agent Fees?

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Just paid £198 between 2 for a 12 month tenancy, which is a joke as it must cost about £20 tops to do the reference checks.

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Current tenancy was about £70 for referencing, £160 for "Legal and Administration Costs" and they'll be a £60 charge to me when I leave, referred to as a "Check out cost". I spoke with three different local agents at the time regarding different properties - these costs were representative, (slightly cheaper than the others IIRC).

Previous place I had to pay £60 every six months for a new AST - non-trivial income stream for a letting agent with a decent book of managed properties on assumes. All routine clerical work you could train a monkey to do in 15 minutes. Mind you that place was both cheap and horrid. A proper hpc hovel. Many a happy hour angrily battering the keyboard, typing out anti-HPI bile whilst feasting on tinned tuna - I'm joking, of course... OK, I'm joking about the tuna, ;)

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It's now £75 every six months to renew, b******s!

Previous place I had to pay £60 every six months for a new AST

No need to renew, stay put to go onto periodic. Refuse to pay and refuse to sign a new tenancy, they can do nothing about it.

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Current place stacks up at £380 over 2 years, but it was reflected in the rent offered so swings&roundabouts to an extent. £17/month or thereabouts(2% of rent costs).

Way OTT but small beer compared to other stuff. That said I hope the bill next week gathers plenty of publicity.

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Current place stacks up at £380 over 2 years, but it was reflected in the rent offered so swings&roundabouts to an extent. £17/month or thereabouts(2% of rent costs).

Way OTT but small beer compared to other stuff. That said I hope the bill next week gathers plenty of publicity.

It's peanuts compared to buying.

I think this place cost about £200 and we've been here 3 year. Previous place was under £150 for the year we were there.

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It's peanuts compared to buying.

I think this place cost about £200 and we've been here 3 year. Previous place was under £150 for the year we were there.

Yes, even if rents/prices were in some sort of parity overall, accounting for maintenance etc, the costs of buying and selling again would run to a few grand at least, enough for many moves in rentals. That said it is a ripoff which should be curtailed. Will be good to see lettings agent driving cars commensurate with their 'profession' again- shitboxes.

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£265 for a room in a shared house on a six month tenancy.

Room in a shared house. Sorry I meant to say living room converted into a bedroom.

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£380 + key fee (there were other add-ons, but fortunately they didn't aply to my situation) - and looking at the other data I'm pretty close to naming and shaming right here, right now. It's nowt shy of extortion, and for what? During the recent EA debacle, I actually decided not to go with a particular agent because they found humour in not being able to extract further cash from me (ie a fee per person, as opposed to for the tenancy) - and their fees were greater than that stated! I've had enough and will be looking for private landlords so as not to incur yet further charges in six months when they insist on re-referencing me. How do we relieve society of these parasites?

Feeling ripped, Bb

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£265 for a room in a shared house on a six month tenancy.

Room in a shared house. Sorry I meant to say living room converted into a bedroom.

Ugh. Hope things get better.

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Do you include things like credit check, first month's rent, 6 weeks deposit or just the "opaque" and "miscellaneous" charges for things like EA toilet paper/after work drinks?

Edited by fru-gal

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I'm not gloating (much) but where's the "I have a Social Housing secure tenancy from a professional landlord that doesn't require Letting Agent fees" option? There's a few of us in this category on here. ;)

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Last time you moved home, how much did you pay in letting agent fees?

About £240 to do references & credit check "and take it off the market". All I can imagine is their delete button is golden.

But I was there for 2 years, went onto rolling periodic and never paid for renewal or anything so at least it was just the once.

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Fees are trivial compared to what you *will* lose on deposit when you move next time.

I've rented plenty of places and never lost a penny on the deposit. It's all about inventory pickiness in the first week IME. I have been subject to plenty of unjustified letting agency fees over the years, including check-out fees (e.g. forced to use contract cleaners approved by the agent). At the moment though, I'm renting direct from a landlord (gumtree deal), so I avoided the leeches this time. Banning agents from charging nonsense fees will be an unambiguously good thing, and about bloody time. They are agents of the landlord.

EDIT to add: If the landlord wants to run credit checks on tenants, they can pay for them. Frankly, the fact I've never missed a rent payment (references...) should be enough.

Edited by Quicken

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I'm not gloating (much) but where's the "I have a Social Housing secure tenancy from a professional landlord that doesn't require Letting Agent fees" option? There's a few of us in this category on here. ;)

Lucky f*cking you :P

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But I was there for 2 years, went onto rolling periodic and never paid for renewal or anything so at least it was just the once.

I just think of it as part of the overall cost. If its a 6 month AST I divide the fees by 6 and add it to the rent and if thats a number I'm comfortable with I go ahead. If Im there beyond the 6 months then obviously the cost reduces marginally over time, but until you get there you don't know they won't evict you.

When searching some properties have become unattractive at this new calculated rental price, so I move to the next one. Its the landlords loss, they should choose their agent with care.

In many circumstances I would expect the landlord to ultimately pay for it, when tenants are put off by the fees their property stays empty for longer or they have to reduce the rent. I pay what its worth to me, not what they want. Works for me.

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I was very lucky, I paid no fees for my current place.

Although my landlord is a Housing Association (they do private tenancies too!), they still could have charged me if they wanted. However, common sense prevailed and as they had about 3 empty flats in the block I didn't have to pay.

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Mine was £300 exactly, so I had to pick <£350 rather than <£300. It's a twelve month AST. I'll also have to pay £75 + VAT for the renewal at the end of the term. I haven't included the interest I'll lose on the £1,000 deposit they're sitting on.

I was chatting to my last landlord - who I got on reasonably well with - a week or so after I'd handed in my notice. I moved in to that place just over 4 years ago, and his letting agent charged me £120 and charged him £150. To get new tenants in to replace me, they wanted to charge him £300, so it's doubled in 4 years.

It seemed odd to stand next to my landlord with both of us feeling like we were being shafted.

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To be honest I should have put roughly £1300 as thats roughly how much it would have cost had they charged the same fee for the other rooms.

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I'll also have to pay £75 + VAT for the renewal at the end of the term.

No you won't. Just go periodic tenancy. I don't understand people (not a dig at this poster) who thinks long letting terms are any more 'secure' or are 'better' than getting six months and then going periodic. Unlikely a landlord will want you out if you're a solid tenant and they give you much more freedom.

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No you won't. Just go periodic tenancy. I don't understand people (not a dig at this poster) who thinks long letting terms are any more 'secure' or are 'better' than getting six months and then going periodic. Unlikely a landlord will want you out if you're a solid tenant and they give you much more freedom.

Isn't it the case though that landlords worry a statutory periodic will turn into a regulated tenancy and they'll end up with a sitting tenant? Besides the fact that the landlord could evict the tenant very easily under periodic, without having to give a reason, effectively meaning they can evict them if they refuse to pay the fee?

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No you won't. Just go periodic tenancy. I don't understand people (not a dig at this poster) who thinks long letting terms are any more 'secure' or are 'better' than getting six months and then going periodic. Unlikely a landlord will want you out if you're a solid tenant and they give you much more freedom.

I will go periodic if I get the choice, but I get the impression that they'll want to renew, probably with a rent review.

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