Regulations regarding Agency Letting Fees

You are here : Member Forums Letting Agents Regulations regarding Agency Letting Fees
This topic has been locked as no posts have been made within the last 90 days.
S
Sim Maraton
5 Posts
0 Thanks
A Letting Agency I employed recently to get me a Tenant only,for a 12 month tenancy with a break clause at 6 months has charged me a finder fee for the full 12 months of the tenancy even though the tenancy is only guaranteed for the first 6 months. Under what regulation do they (the Letting Agents) have the right to retain the fee for the second 6 months even though there is no guarantee that the tenants will stay on ? Is this a rule that all letting agents 'play' with. What happens if I wish to hire a different agency to get a tenant for the follow on 6 months. If they have an entitlement in law, are they required to pay back the unearned fee + applicable Vat Plus interest ?

Look forward to any assistance offered.

PD



04/05/2008 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Martin Co
Envirovent
Landlord Broadband

Share this page