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Letting charges, advice needed.

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  • 10-08-2020 6:29pm
    #1
    James Bond Junior
    Registered Users Posts: 5,128 ✭✭✭


    My house is coming free at the end of the month. Letting agent is going through the process of getting new tenants etc. What is a typical percentage of the 1st months rent to charge in this situation? I live abroad hence the need for a letting agent.

    Thanks, JBJ.


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    #2
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Normally c.8% a month or a months rent if they're just finding and placing the tenant.


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    #3
    James Bond Junior
    Registered Users Posts: 5,128 ✭✭✭James Bond Junior


    Samuel T. Cogley wrote: »
    Normally c.8% a month or a months rent if they're just finding and placing the tenant.

    So an initial fee plus a percentage of the rent would be a little high I take it. I chose this agent as they are a one man band and were more personable than the typical estate agency. Ongoing rent collection and management is included.


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    #4
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    James Bond Junior wrote: »
    So an initial fee plus a percentage of the rent would be a little high I take it. I chose this agent as they are a one man band and were more personable than the typical estate agency.

    TBH it's been years since I was looking at agents. With the way things are maybe they've started charging more. Apologies I shouldn't have used the word normally in my original post.


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    #5
    James Bond Junior
    Registered Users Posts: 5,128 ✭✭✭James Bond Junior


    Thanks, Samuel. My solicitor has multiple properties with this agent and highly recommended them which was worth a lot to me. At the same time, don't want to be overpaying either.


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    #6
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    James Bond Junior wrote: »
    Thanks, Samuel. My solicitor has multiple properties with this agent and highly recommended them which was worth a lot to me. At the same time, don't want to be overpaying either.

    If they're less likely to stick you with a non-paying tenant they might just be worth their weight in gold!

    I'm sure someone else will be along shortly with a more up to date experience.


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    #7
    James Bond Junior
    Registered Users Posts: 5,128 ✭✭✭James Bond Junior


    Samuel T. Cogley wrote: »
    If they're less likely to stick you with a non-paying tenant they might just be worth their weight in gold!

    I'm sure someone else will be along shortly with a more up to date experience.

    Exactly my thinking. Years of vetting under the belt.


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