Agents' Fees Under Fire ; Landlords Will Save On Fees If a Government Watchdog Gets Its Way. David Spittles Looks at Agents' Repeat Commissions Homes Property

Evening Standard - London › March 31, 2004

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Summary

ESTATE agents who charge landlords a repeat fee when tenants renew their contract and stay in the property are "open to challenge", according to the Office of Fair Trading (OFT). Repeat commissions are a sore point for many landlords.

Agents typically charge 10 per cent for finding a tenant, drafting the contract and collecting rent. Full management costs up to 17.5 per cent.

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Agents' Fees Under Fire ; Landlords Will Save On Fees If a Government Watchdog Gets Its Way. David Spittles Looks at Agents' Repeat Commissions Homes Property

While these charges may be reasonable for the initial contract, landlords say they...

See the full content of this document