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Letting Agency Fees - How can they be justified?

Discussion in 'General Discussion' started by Burnsy2023, 9 Jun 2010.

  1. Burnsy2023

    Man of Honour

    Joined: 17 Nov 2003

    Posts: 36,648

    Location: Southampton, UK

    So, I'm moving in to a two bed flat with my GF at the start of July and all is well. I can't for the life of me see how the agency can charge so much. The fees totalled over £450 for simply getting references, credit checks, writing an inventory and signing a contract. That must be a total of maybe 2-3 hours work or so. Ridiculous.
  2. Alex UK

    Wise Guy

    Joined: 25 May 2007

    Posts: 2,118

    Location: Brighton

    Doesn't seem unreasonable to me.
  3. [FnG]magnolia


    Joined: 29 Aug 2007

    Posts: 27,071

    Location: Auckland

    It's legalised theft. Agencies are, without exception, utter, utter *****. I've always tried to deal directly with a private landlord in the past, just to avoid these thieving gypsies.
  4. Von Smallhausen

    Man of Honour

    Joined: 1 Aug 2004

    Posts: 12,647

    Location: Tyneside

    No room for haggle Burnsy ?

    If they price drop, close the office for 48 hrs. ;)
  5. taximike


    Joined: 25 Dec 2009

    Posts: 615

    They pay all those pretty blonde girls to show you round the flats etc. Then they rent their nice offices and decorate them smartly. They tend to hardly take any cut from the rent as they attract business on the percentage of the rent the landlord can take home. The other main source of profit is at the end of the lease they will charge you £160 to change a lightbulb because apparently it needs a qualified engineer. (No joke that happened to me)
  6. Burnsy2023

    Man of Honour

    Joined: 17 Nov 2003

    Posts: 36,648

    Location: Southampton, UK

    Are you an estate agent or something? It's not even specialised work needing skilled people.

    Yeah, I they did seem a bit shifty when I was there. I think that needs further investigation by a specialist team :D

    I didn't realise to haggle. Apparently it's the accepted thing, but it seems I've already agreed to it. Ah well live and learn.
  7. Cosimo

    Man of Honour

    Joined: 9 Jan 2007

    Posts: 163,805

    Location: Londinium

    Yup, they have to make sure places aren't rented out to riff raff and make a profit. ;)
  8. ChroniC


    Joined: 18 Oct 2002

    Posts: 9,422

    Mine is charging me 120quid to renew our current tenancy. Basically were signing an identical contract. Day light robbery.
  9. neil3k


    Joined: 13 Aug 2004

    Posts: 6,774

    Location: Bedford

    don't renew it and just go onto a rolling contract

    no renewal neccesary
  10. Biohazard


    Joined: 29 Aug 2003

    Posts: 31,334

    Only ever rented a flat once when I was 17-18, there was letting fees but they were a margin on the monthly rental. plus a deposit up front obviously and a months rent.

    As far as I can remember there was no 'fee' upfront for the agents.
  11. Rotty


    Joined: 18 Oct 2002

    Posts: 40,962

    Location: Notts

    I only ever rented once as well, deposit and month up front but no fees ar all