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Anyone renting their property out?
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<blockquote data-quote="ron g" data-source="post: 780498" data-attributes="member: 13653"><p>since that say 'placement fee' it is presumably a once off fee for finding the tenant, & does not cover any monthly admin.</p><p></p><p>i.e. unless there is another element to the deal, the estate agent takes the money & has no further involvement.</p><p></p><p>there is no incentive for the agent to properly vet your tenant.</p><p></p><p>the total agent's fee is just over 1 month's rent.</p><p></p><p>do they provide any other services - e.g. a rental agreement?</p><p></p><p>i don't think it is unreasonable provided they disclose their vetting method & criteria, & permit you to review the vetting information of the proposed tenant.</p></blockquote><p></p>
[QUOTE="ron g, post: 780498, member: 13653"] since that say 'placement fee' it is presumably a once off fee for finding the tenant, & does not cover any monthly admin. i.e. unless there is another element to the deal, the estate agent takes the money & has no further involvement. there is no incentive for the agent to properly vet your tenant. the total agent's fee is just over 1 month's rent. do they provide any other services - e.g. a rental agreement? i don't think it is unreasonable provided they disclose their vetting method & criteria, & permit you to review the vetting information of the proposed tenant. [/QUOTE]
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