Considering switching letting agents as my current one's fees are increasing. What are the typical notice periods and exit fees I should expect to pay if I terminate an existing management agreement early?
Quick Answer
Many letting agent contracts specify a notice period, often 1-3 months, and may include exit fees for early termination. These fees can range from one month's management fee to a percentage of the remaining tenancy's rent. Always check your specific contract for these clauses.
About This Topic
Understand letting agent notice periods (1-3 months) and exit fees (1-3 months' rent or 1-5% of remaining rent) from April 2025. Review your contract.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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