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What do Letting agents generally charge?

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Property Management

Letting agents typically charge between 6% and 10% of either the monthly or annual rent for their services, though VAT is often not included in the quoted price—so it’s important to clarify this upfront. Some agents may also charge a fixed fee instead of a percentage. In many cases, it’s standard for letting agents to take the first month’s rent as their letting fee.

As mentioned, the general fee range is 6% to 10%, but for comprehensive property management services, the cost usually falls between 6% and 12% of the rent.