pranksters blog tonight

enfield_freddy

bazster wrote: »

Is that a reason for not doing it now?

election due perhaps?

bazster

enfield_freddy wrote: »

election due perhaps?

Well we don't know what (if anything) is going to come of this yet, but electioneering may be behind it.

System

Makes as much sense as putting the roads network under the scrutiny of the Rail Regulator.

http://orr.gov.uk/news-and-media/email-alerts/2014/dft-announces-new-monitoring-function-for-englands-strategic-road-network

But you get the politicians you vote for

The_Deep

Someone needs to put a stop to the practice of letting agents charging huge fees to tenants.

The LA charges the Landlord between 7-15% of 6-12 months rent. I am not aware of any charging tenants "huge" fees, but they have to charge for credit checks, referencing, tenancy agreements etc..

bazster

The_Deep wrote: »

Someone needs to put a stop to the practice of letting agents charging huge fees to tenants.

The LA charges the Landlord between 7-15% of 6-12 months rent. I am not aware of any charging tenants "huge" fees, but they have to charge for credit checks, referencing, tenancy agreements etc..

No they don't. Those costs should be covered out of what the agent receives from his principal, the landlord. To have the agent charging his costs to someone other than his principal simply invites rip-offs: there is no incentive for the agent to keep those charges honest and reasonable, and as a result many profiteer shamelessly.

If I buy a house I don't pay the estate agent for his or the seller's admin or legal costs do I? That's down to them, after all I have no contractual relationship with the agent, he's not my agent!

spikyone

The_Deep wrote: »

Someone needs to put a stop to the practice of letting agents charging huge fees to tenants.

The LA charges the Landlord between 7-15% of 6-12 months rent. I am not aware of any charging tenants "huge" fees, but they have to charge for credit checks, referencing, tenancy agreements etc..

Completely off-topic, but I'll bite - if you think that changing the name on a bog-standard tenancy agreement costs anything like the amount that LAs charge, you're deluded. Likewise credit checks and "referencing", which involves about two minutes of actual work. The whole lot usually runs to hundreds of pounds for tenants.


Frankly, letting agents are barely a step above PPCs in terms of being less-than-honest in their business practices and downright greedy. There, back on topic...

Herzlos

The_Deep wrote: »

Someone needs to put a stop to the practice of letting agents charging huge fees to tenants.

The LA charges the Landlord between 7-15% of 6-12 months rent. I am not aware of any charging tenants "huge" fees, but they have to charge for credit checks, referencing, tenancy agreements etc..

So what do they do for the 7-15% of the rent, if it doesn't involve any of the work involved in changing tennants? From what I've heard (no first hand experience) the credit check fees are enormous (£100+) for what can't cost them anywhere near that and seems to be virtually extortion because you need to do it to get the lease.

bod1467

enfield_freddy wrote: »

ok thanks for the non sarcastic answer


cheers


alan

I wasn't being sarcastic ... I genuinely thought you were struggling to understand what the expression meant.

Perhaps if you took more care in composing your posts such misunderstandings would not occur? (You know - things like sentence structure, capitalisation where necessary, etc. This isn't IM - people are allowed to take time composing posts here).

bod1467

spikyone wrote: »

Completely off-topic, but I'll bite - if you think that changing the name on a bog-standard tenancy agreement costs anything like the amount that LAs charge, you're deluded. Likewise credit checks and "referencing", which involves about two minutes of actual work. The whole lot usually runs to hundreds of pounds for tenants.


Frankly, letting agents are barely a step above PPCs in terms of being less-than-honest in their business practices and downright greedy. There, back on topic...

Pretty much for every prospective tenant ... whether you get the rental or not.

The_Deep

As a landlord, I know very little about LAs charges to tenants. However, I am familiar with what they charge me. £500-600 for finding a tenant, a bit more for collecting rent, £1000 - 1500 + actuals for full management, all plus va.t. All tax deductible.

I prefer to use an LA because if things go wrong I can sue them, also they can organise inventories, check ins and outs, deposits etc. Good tenants can negotiate with LAs, those who get ripped off are usually not the sort I want in my properties anyway.,