I'm a new landlord. What upfront letting agent fees should I expect for tenant find only, and what are the specific fees they might try to add on for things like tenancy agreements, referencing, or inventory checks?
Quick Answer
Landlords should expect tenant find fees to be 50-100% of the first month's rent plus VAT. Since the Tenant Fees Act 2019, most tenant-related fees are restricted in England, but other UK regions may still permit them, including for inventory, agreements or referencing.
About This Topic
New landlords should anticipate tenant find only fees of 50-100% of the first month's rent + VAT. Understand additional restricted charges for referencing, inventory, or agreements since Tenant Fees Act 2019 affecting overall costs.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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