News0 min ago
letting-agents
I recently began letting out a flat through letting-agents, who I've kept on on a rent-collection basis with them receiving about 10%. The tenant recently told me that, when he was deliberating between my flat and others before choosing mine, the letting-agents charged him a �300 holding-fee. The letting-agents haven't told me about that, but shouldn't 90% of that fee go to me? And recently when the tenant was a day or two late with the rent, the agents charged him about �50. Am I entitled to 90% of that too?
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The holding fee is nothing to do with you at all, and you are not entitled to any of it. However, it should have been deducted either from the first month's rent or the deposit - it would have no impact on the money you get. If the tenant had not taken the flat, the agent would have been entitled to keep this fee (provided he followed the strictures of the law).
If the tenant has not had his holding fee returned then he should pursue it.
The letting agent has two contracts with two sets of terms and conditions - one with you and another with the tenant. Late rental charges are common, and you are not entitled to 90% of that.
In all fairness, 10% is very cheap so he has to make his money from the tenant too.
Read the contract you have with the letting agent. All the terms and conditions will be there.
If the tenant has not had his holding fee returned then he should pursue it.
The letting agent has two contracts with two sets of terms and conditions - one with you and another with the tenant. Late rental charges are common, and you are not entitled to 90% of that.
In all fairness, 10% is very cheap so he has to make his money from the tenant too.
Read the contract you have with the letting agent. All the terms and conditions will be there.
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