Tag Archives: letting agency fees in bristol

Why do CRS charge Agency Fees?

This is a question we answer regularly at City Rental Services and as with all businesses, we need to make a living to survive.

We charge Agency Fees to facilitate our core services, namely to provide a range of rented accommodation to students and professional tenants alike – which we’ve done for over 18 years.

Advice on letting agency fees for Bristol landlords

The system has evolved whereby letting agents charge a percentage of a month’s rent, to cover all costs incurred – including all the responsibility of taking a tenant from an enquiry for a rented property to moving into that rented property.

At CRS, our Agency Fee structure is simple and clear – 35% of one month’s rent plus VAT. So, on a £400 per month room, this would incur a Fee of £168.

This amount covers the cost to our independent letting agency business of providing every aspect of the process involved and costs incurred, such as:

* I.T. systems

* Phone systems (including mobiles and iPads)

* Transport

* Website costs

* CRS links & www.rightmove.co.uk links

* Staff & business premises costs

* VAT payments & processing

* Signboards & window displays

* Landlord and tenant liaison time

* Document production for all parties

Needless to say, we have to charge for our services!

To find out more about our letting agency services in Bristol, simply call into 58 Gloucester Road to see us.

Letting agency fees in Bristol – are you getting a fair deal?

Here at City Rental Services one of the questions we get from our tenant applicants is “How much are your fees, what does it cover, and why do we have to pay it?”

Letting agency fees can be a mystery but it’s a subject we’re more than happy to deal with in a straightforward and professional manner.

Advice on letting agency fees for Bristol landlords

We provide a letting service for sought-after accommodation for both professional and student tenants in Horfield, Bishopston, Montpelier, Redland, Stokes Croft, Cotham, and Clifton as well as south of the river in BS3.

There’s a great industry article here, discussing the expectations and demands of student tenants in the competitive and fast-moving property lettings sector.

As a leading independent letting agency on Gloucester Road, we have no hidden charges, and a one-off Fee of only 35% +VAT for our services to help you find a suitable property, carry out the application process to include referencing, guarantors if required, preparing the Tenancy Agreement, and getting it all signed up, sorting out future payments by Standing Order and giving general assistance to start your tenancy.

If you are still seeking student accommodation – although the majority of our student houses in Bristol are already let, don’t give up: rented properties for students in BS postcodes will come up in the next few months, so keep checking here in coming weeks.

We also have a selection of professional properties in many different price bands, with the selection changing daily.

To find out more about our letting agency services in Bristol, get in touch today: simply call into 58 Gloucester Road to see us.

Letting agency fees in Bristol – where do you stand with City Rental Services?

The management team at City Rental Services has noticed lots of television coverage recently about letting agency fees, culminating in the failed Parliamentary Bill to ban them.

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And given that – according to an article in the Telegraph recently – 35% of the UK population rent their home, the subject of letting agency fees is an increasingly important topic for many young professionals looking for rented property in Bristol.

We believe that fees should be three simple things – transparent, fair and reasonable.

We have a massive rental market, and in October 2013 legislation was put in place to clarify what letting agents were charging – but has it gone far enough?

Buyers beware – if you want to rent a property in Bristol, find out what letting agency fees are in full and upfront.

Of interest to landlords, there’s an excellent cautionary article here highlighting how a landlord was forced to take his business elsewhere, after repeated attempts to get information regarding fees from one letting agency in Newcastle.

Some letting agents are indeed shy or reticent about disclosing fees with landlords, but at City Rental Services, we’re 100% transparent with the portfolio of landlords in Bristol we work in partnership with: our fees are £295 plus VAT, or £395 plus VAT to include accompanied tenant viewings.

We’re pleased to report that we’ve already let the vast majority of our Bristol student accommodation for 01st July, although demand is still strong for young professionals and student tenants in the usual BS postcodes.

If you haven’t let your property, pop in to see us at our Gloucester Road offices for an informal chat about our fees, our services, and our success record.