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Agency Fees...

One of the main reasons people chose a reputable letting agent to help find their next home is to ensure the property is of a certain standard and complies with the current legislation.

As with all reputable letting agents, Letting's Direct does have to make an agency fee to cover all of our costs - however withe Letting's Direct, we do not have any hidden charges as often the case with some agencies:

What Does the Fee Cover?...

  • Cost of viewing's
  • Setting up the tenancy agreement
  • Securing of the tenancy deposit
  • Ensuring that every property is compliant with current legislation
  • Moving the tenant into the property
  • Move-in inventory

How Much is The Agency Fee...

Residential Lettings
We aim to be one of the most competitive agencies and charge £200 (+VAT) for the first applicant and £150 (+ VAT) for all subsequent applicants - should the Landlord require a Guarantor, then there is an additional charge of £50 (+VAT). Company lets are charged at £500 (+ VAT) per tenancy

Student Lets
For student properties of 4 bedrooms or more we charge an administration fee of £125 (+ VAT) per student - should the Landlord require a Guarantor, then there is an additional charge of £50 (+VAT)

What Additional Costs are There?...

  • Move-in - agency fees are inclusive and there are no additional fees to pay on move-in,
  • Tenancy Renewal - if the tenancy is renewed at the end of the initial rental term, we charge an administration fee of £95.00 (+VAT) per tenancy to cover the administration and re-referencing of the tenant(s). 
  • Check-out - We charge a check-out fee of £95.00 (+ VAT) to cover the cost of the check-out report and dealing with the deposit refund. These fees are per tenancy and not per person. 

When are the Fees Payable?...

The Agency fee is payable when you reserve a property and this then allows us to process the application and obtain references etc. Renewal fees are paid when the tenancy is renewed and the Check-out fee is deducted from the deposit on termination of the tenancy.

Are Agency Fees Refundable if I Change my Mind?...

Unfortunately, if a tenant changes their mind about renting a property once they have made an application, we can not usually refund the agency fees paid. However if in a Landlord changes his mind, then all fees paid in full are refunded.

A deposit would also be required to be paid and our standard deposit is the value of the monthly rent plus an additional £200. Deposits are subject to referencing and where an applicant is not in either full time employment or able to provide a UK based guarantor, than a larger deposit maybe payable.