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Wednesday 21 December 2016

Taking the...



  A letting agent near you...

A well-situated and reasonably priced 2-bedroom flat to rent in Langport this Christmas is the latest example of how letting agents suck the blood out of anyone attempting to lease a modest home.

The newly decorated, clean and modern flat has come up above Langport Reclamation. It's exactly what you're looking for.

Then you see the letting agent handling it...


Check out the 'admin fees':

(copied and pasted from the website letting the property)

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Referencing - £120.00 / person
This is charged for each tenant applying for the tenancy.

Guarantor Referencing - £120.00 / Guarantor
Only if a Guarantor is required and charged for each Guarantor that is referenced.

Tenancy Agreement - £210.00
One off charge for the Tenancy Agreement preparation.

Renewal/Extension agreements - £114.00
One off charge for each renewal/extension.

Company Referencing - £300.00
Company or Business reference fee

Unfurnished Inventory Check (Tenants Share) - £120.00
One off charge per tenancy.

Furnished Inventory Check (Tenants Share) - £144.00
One off charge per tenancy.

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Carry On Langport's been told the ghosts of Christmas past, present and future are expected to pop in at the offices of the letting agent concerned sometime on Saturday evening.

On a serious note - the Wesminster government is currently putting together legislation to limit the fees charged by letting agents. Bring it on.


Editor's Note - this report is in no way intended to criticise the decision of the owner of the Langport property to use a letting agent. It is merely aimed at highlighting the fees agents charge, which many - including the government of the day - find questionable.

Editor's Note #2 -  typing the last 3 lines and posting them to this blog took me just 45 seconds but has cost my staff and I around 250 quid in admin' fees.

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