What is a letting fee and why should I pay?
Question from Jo updated on 11th April 2007:
Our expert Jeff Montgomery responded:
The Residential Tenancies Act 1986 allows a landlord to seek a fee or other charge for services rendered by any solicitor or real estate agent relating to the grant or assignment of a tenancy. This fee or charge is often referred to as a ‘letting fee’. Essentially a letting fee is a term and condition of the tenancy. It can only be charged when a solicitor or real estate agent is acting on behalf of the landlord in relation to the grant of the tenancy. The letting fee must also be stated in the tenancy agreement, and if you agree to the tenancy you are agreeing (and would then be required) to pay the letting fee.
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