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Cost of Tenancy Agreement/who pays?

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Comments

  • GMac14
    GMac14 Posts: 81 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    Thanks Avo, viewed a nice property direct with Landlord at the weekend, nice guy, 4 week bond, 4 week rent up front and just wanted £20 for a credit check, shame the house was not quite big enough.
  • GMac14
    GMac14 Posts: 81 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    Hi Pixie, Im no expert so not looking to get into a detailed discussion as such, but according to the Countrywide website, Landlords Guide to Services, Tenant Introduction is charged @ 10% of the total value of the rent (or 13% for standards letting service or 16% for Full Management).

    A separate cost of £300 Gross / £250 Net exc VAT is charged to the Landlord for drafting and execution of tenancy agreement document.
  • Annie35
    Annie35 Posts: 385 Forumite
    Fourth Anniversary 100 Posts Name Dropper Combo Breaker
    That's just how countrywide operate, they are the big daddies of estate agency & own many high street brands, they must pay their shareholders lol!

    The only thing you can do is vote with your feet, which can be hard if they have a particularly lovely house on!
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Which ombudsman scheme does the letting agent belong to?

    * The Property Ombudsman
    * Ombudsman Services Property
    * Property Redress Scheme

    The code of conduct for the Prop Omb scheme for example says:
    5n You must not make a tenant or landlord pay a charge for or be liable for an element of your service that the other party has also bbe charged for
  • GMac14
    GMac14 Posts: 81 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    They are member of redress scheme provided by The Property Ombudsman https://www.tpos.co.uk
  • GMac14
    GMac14 Posts: 81 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    They have the Property Ombudsman logo on bottom of their website
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    well there you are then,.
  • GMac14
    GMac14 Posts: 81 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    Thank you GM, much obliged
  • ThePants999
    ThePants999 Posts: 1,748 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Comms69 wrote: »
    Yes. Why would it not be legal, you're voluntarily paying for a service?
    Ask the Scots - it's not legal up there!
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