Letting Agent Commission Clarification

Rob321

I would like to know if a letting agent should charge their commision % on the gross or net rent received by the landlord please.
E.g. If the letting agent is charging 10% on a £1000 a month income (£100) then charge £200 for a contract renewal should they still charge the 10% on the gross Rent (£100) or should the 10% be applied to the net income (£800) giving them £80.
I hope i have made myself clear, any advice appreciated, thanks

anselld

Check the wording of your contract, but they are probably described as separate fees and the management commission will be a percentage of rent due and hence 10% of £1000.

steampowered

It would normally be gross. 

I don't see why a management fee would reduce the size of a contract fee.

greatcrested

Read the contract.

But in most cases the fees are separate.

The management fee is usually a % of rent received.

Additional fees are charged separately on a case by case basis and have no impact on the management fee.

Comms69

Rob321 said:

I would like to know if a letting agent should charge their commision % on the gross or net rent received by the landlord please.
E.g. If the letting agent is charging 10% on a £1000 a month income (£100) then charge £200 for a contract renewal should they still charge the 10% on the gross Rent (£100) or should the 10% be applied to the net income (£800) giving them £80.
I hope i have made myself clear, any advice appreciated, thanks

The gross - obviously.