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What does "20% off Agency Fees" actually mean?
QTPie
Posts: 1,373 Forumite
Ok one of the rental agencies in my area has the following statement added to all/most of it's rightmove adverts (nothing on it's own website about it...):
"Winter Warmer! 20% Off Agency Fees for all new Tenancies agreed by the end of March 2009"
What is that likely to equate to? 20% off of the asking price for the rental? I assume not - otherwise they would be dumb not to reduce the asking price (since they would fall within better serach bands). If not, what else could it mean?
QT
"Winter Warmer! 20% Off Agency Fees for all new Tenancies agreed by the end of March 2009"
What is that likely to equate to? 20% off of the asking price for the rental? I assume not - otherwise they would be dumb not to reduce the asking price (since they would fall within better serach bands). If not, what else could it mean?
QT
0
Comments
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Its means we put up our fees by 100% in December and now you can have 20% off!!
It won't mean 20% off the rent. I don't really know how an agent can charge a tenant anything but some how they do.0 -
It will be 20% of their credit check and admin fee... Useless.
We are looking to rent another house with the same letting agent, and they still want £100 - apparently, they need to do another credit check!Spring into Spring 2015 - 0.7/12lb0 -
Thanks guys
I agree, pretty useless - so am extra glad you told me and I didn't ring to find out...
QT0 -
It means that they've increased their admin fees by 20% and are then knocking back up again!
You think you've bagged a deal - they gain more customers at no nett loss.0 -
Unfortunately - in more ways than one - there is not a HUGE choice of rental property available to me... so this discount doesn't have much sway...
Looking for a really nice 4 bed family home in a historical university town (virtually all flats or student lets :rolleyes: ) is a pretty difficult task...
QT0
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