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Excessive Letting Agent Fees

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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Manchee wrote: »
    Were you not given details of all charges and costs when you signed your TA?
    Irrelevant - they have you over a barrel. They're all doing it, what's the choice? You need somewhere to live, so you sign. Continuing to look often isn't an option, with few choices, limited timescales and an urgency, combined with agents that are closed/distant and hard to get hold of.

    You need a home.... you've found one, it's "yours" ... you sign.

    If a mugger punches you in the face because he says "hand over your wallet or I'll punch you" and you try to resist .... is that your fault? Options/choices, at that time, are limited.

    It's shocking really.
  • Heliflyguy
    Heliflyguy Posts: 932 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    edited 13 June 2013 at 1:24PM
    _Andy_ wrote: »
    Why is it 'excessive'? Are you suggesting they should do it free?
    How would you quantify a fair price then?

    For a unfurnished 1 bedroom flat it is excessive or do you consider £115 for an hours work (if that) of squawking into a Dictaphone and typing it up on a couple of A4's good value?
    Fair price, effectively an unskilled admin job so at most £50.00.
  • Manchee
    Manchee Posts: 401 Forumite
    Irrelevant - they have you over a barrel. They're all doing it, what's the choice? You need somewhere to live, so you sign. Continuing to look often isn't an option, with few choices, limited timescales and an urgency, combined with agents that are closed/distant and hard to get hold of.

    You need a home.... you've found one, it's "yours" ... you sign.

    If a mugger punches you in the face because he says "hand over your wallet or I'll punch you" and you try to resist .... is that your fault? Options/choices, at that time, are limited.

    It's shocking really.

    Umm.. yeah it is relevant. If he had gotten full details he wouldn't have been surprised.

    So its like your mugger saying 'yeah so Im gonna steal your wallet and hurt you a bit as well'. At least if you ask how many limbs hes gonna break you can be prepared...
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