Home Lifestyle How much do letting agents charge? The STRING of fees you'll need...

How much do letting agents charge? The STRING of fees you'll need to pay when moving

150
0


Since the Tenant Fees Act was introduced three years ago, caps on deposits and reduced costs have held letting agents accountable for hidden fees.

Tenancy deposit fees

For a property with an annualrent of less than £50,000, tenants will be charged a refundable tenancy deposit fee of no more than 5 weeks’ rent.

If the total annual rent is £50,000 or above, the deposit fee will be equivalent to six weeks’ rent.

A refundable holding deposit used to reserve a property will cost no more than 1 week’s worth of rent due to the legal cap enforced by the Tenant Fees Act.



Previous article‘He misses momma’: Sweet pitbull cries down the phone at sound of mum’s voice
Next articleMerriam-Webster's 'anti-vaxxer' definition update sparks allegations of attempt to 'redefine' meaning

LEAVE A REPLY

Please enter your comment!
Please enter your name here