Anyone renting their property out?

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AVSA Andrew

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Who can explain this in Dummy language for me. The property agents I contacted state:  XX works on an 8.5% upfront placement fee ( Rental x 12 months x 8.5% + VAT)

I've never rented a place out before, but when I rented property myself all I remember was that I paid the first month's rent upfront, plus a deposit. Who has to pay the placement fee? Me or the person renting?
 

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