These agents generally work along with with Real Estate Agents owing to the similarities in their line of work, but several letting agents are also known to work independently and deal only in lettings.
The services that letting agents are known to offer can be divided into three (3) parts:
Their primary service is introducing the landlord and the tenant. The landlord is usually charged a certain percent of the agreement’s total tenancy term and this is charged at the beginning of the term. This is usually in between seven (7) and eleven (11) percent.
The tenant is asked to pay, what is known as, the administration fee, and this is also charged at the start. This is towards the application being processed, and also normally takes care of probable tenants wanting to carry out credit searches. These fees can be wide ranging, and are generally in between
