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First time Landlord fees

PeterJames123
PeterJames123 Posts: 109 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 16 March 2022 at 6:20PM in House buying, renting & selling
Hi, 

I am a first time Landlord and have been given these fees from an estate agent. I was wondering if they were expensive before I sign anything. 

Thanks


Comments

  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 16 March 2022 at 6:03PM
    You're not a first time renter, you're a first time landlord.
    What other quotes have you got?

    Read...
    Letting agents
    New landlords (1)
    New landlords (2)
  • canaldumidi
    canaldumidi Posts: 3,511 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 16 March 2022 at 8:37PM
    10.8 Do you intend to let the agent decide when and at what cost to do repairs? Carte Blanche?

  • Stubod
    Stubod Posts: 2,538 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would say those costs are normal for a fully managed service....
    .."It's everybody's fault but mine...."
  • Tiglet2
    Tiglet2 Posts: 2,616 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    The letting agent that fully managed my rental certainly didn't charge for extending the existing tenancy or serving rent increase notices.  Once the agreed tenancy period had ended, it just automatically became a rolling tenancy.  Neither did they charge fees for arranging maintenance or repairs. I didn't get charged for the inventory (house was unfurnished) or postage fees.  I think you can source your own landlord insurance to include the Rent Guarantee, but don't really see why the letting agent wants to charge you to have it.  Surely if you lose your tenant, it is their job to find you another tenant.
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