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.
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)
* 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.