ive bought a new flat and plan on renting out straight away, how do estate agents generally take their cut and can u recommend one in Gloucester area?
2007-01-23 22:24:55 · 7 answers · asked by helz bellz 2 in Business & Finance ➔ Renting & Real Estate
Hiya
I work for a letting agents near b'ham and we charge the landlord a letting fee of £300 and then take 10% of the rent each month. We tend to take the letting fee from the first months rent or the landlord can pay it direct, then take our 10% when the rent is paid and forward the rest to yourself.
Good luck
2007-01-24 01:55:57 · answer #1 · answered by danielle 1 · 0⤊ 0⤋
it is totally legal to establish a tenancy direct with a landlord. the owner has needless to say used an agent for a reason they might stay out of section. the main significant undertaking for the owner is that if he gadgets up a tenancy with you and the agent can teach they presented you to the valuables the agent could nevertheless be entitled to their value. each and every college has an Accomodation officer who might have a catalogue of landlords and homes obtainable regrettably letting brokers are at present unregulated so can value what they like. in case you pay a deposit make beneficial it is secure in between the three authorized schemes
2016-11-01 03:48:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
In the UK agents normally take about 15% of the rent.
You should pick maybe 3 estate agents and compare their terms and service.
This should give you enough information to make a decision.
2007-01-23 22:59:15 · answer #3 · answered by Petra 2 · 0⤊ 0⤋
they take a percentage of the total rent being charged which they deduct before passing the remainder on to you.
Kepp all records in a safe place including any receipts for repairs that need doing when you have a tenent as you will have to declare your income on tax returns.
My husband used a firm called Hicks Hadley when renting out his flat and they did everything and were really good if you have a branch in your area.
2007-01-23 22:29:20 · answer #4 · answered by D B 6 · 0⤊ 0⤋
The way a real estate charges a landlord is if they do rent inspections etc they put their own prices on it I know that if they do a rent inspection they charge my landlord $120.00 and if they have to reinspect because of default they charge the tenant $32.00
2007-01-23 22:30:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The take a % of total rents received. 10% is typical in most areas.
2007-01-23 23:23:51 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
we charge our renters $700 a month and our agent takes 10% of it every single month along with 20% of the downpayment.
2007-01-23 22:38:00 · answer #7 · answered by painfully yours 3 · 0⤊ 0⤋