average fees a landlord pays an agent to let a property?

(16 Posts)
variousthings Tue 12-Jan-16 17:08:36

I need to make an offer to my landlord to get out of my tenancy early. Would like to ease the blow by offering to pay the fees he wouldn't have had to pay for another year.

Can anyone advise? Thank you

specialsubject Tue 12-Jan-16 17:12:55

average is no use. Ask your agent what the fees will be. If there's no agent, open negotiations with the landlord.

also offer lots of slots for viewings.

Butterfliesprettybutterflies Tue 12-Jan-16 17:17:22

We pay 13% of rent - think it's 8%management and 5% tenant finding (but could be over way around.)

absolutelynotfabulous Tue 12-Jan-16 17:20:43

Around here it's about half the first month's rent.

Shantotto Tue 12-Jan-16 17:21:12

The agency that rents our flat out takes one months rent.

Our landlady rang and asked if we had any problems as she hadn't had the rent that month - turned out the agency kept it for fees!

Daffydil Tue 12-Jan-16 17:23:09

We used to pay 10.5% a month for a fully managed property.

variousthings Tue 12-Jan-16 17:23:53

Thanks all.

I'll admit I haven't gone through our lease agreement with a fine tooth comb but I thought it said we would be liable to 'reasonable' fees, which is unhelpful!

Just rang the agent and he said our lease should say that if we get out early it's usually their deal to charge ten percent of the rent remaining on the term. Which gave me a heart attack. Is about £3k. Eep.

Useful info here though thank you.

DesertOrDessert Tue 12-Jan-16 17:34:14

It's not just the fees tho, these is a void patch usually as well. Is it likely to rent quickly if you leave?
Our "tenant finding fees" were about £300. Sounds like we got off lightly!

variousthings Tue 12-Jan-16 17:37:48

It'll rent quickly. Crazy market round here.

Keen to be as helpful regarding viewings etc as we can.

specialsubject Tue 12-Jan-16 17:55:56

your contract is with the LANDLORD, not the agent. Contact him/her and discuss, never mind what the agents 'deal' is. unless it is written in your contract, that is.

variousthings Tue 12-Jan-16 17:57:55

Checked and it is in the contract.

'Tenant will pay the landlord the letting commission' of 10% of remaining rent

NewLife4Me Tue 12-Jan-16 18:03:42

Half the first months rent here to include finding and inventory.
If you want more, as in management it was about 50 per month.

I thought you still had to pay full rent if you leave early?
My contract for our past tennant said 2 months notice.
She didn't give us one month and still hasn't given us it in writing and left.
Its fine because I have her deposit that she won't see a penny of.

Drinkstoomuchcoffee Tue 12-Jan-16 18:23:18

If you leave early there will be a check out inventory fee and then another check in inventory fee. There is also likely to be a void period of at very least a week or so, possibly longer. The new tenants will need to be credit checked and that all takes time. New tenants are also likely to request repairs/extras in the first couple of months. So no matter how hot the market, your landlord is likely to be significantly out of pocket if you go early....

SauvignonPlonker Tue 12-Jan-16 21:07:11

Newlife I don't think the deposit schemes see it that way. But that's entirely another thread.

NewLife4Me Tue 12-Jan-16 21:21:11

Sauvignon

I won't keep it unless I have a strong case, but she didn't even give a months notice. In fact the new LL agency emailed for a reference, this was the first we'd heard.
She was a good tenant until then though and always paid on time, looked after the place etc.
She left to be nearer to work, turns out.
The agency said she was lucky we didn't press for loss of earnings.

SauvignonPlonker Tue 12-Jan-16 21:34:56

I'm hoping your ex-tenants' deposit is held by one of the designated schemes, newlife? Hopefully your agency has protected it properly.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now