Letting Agent: Facilitating a Landlord and a Tenant

A United Kingdom term for a facilitator through which an agreement is made between a landlord and tenant for the rental of a residential property is called a "letting agent." A commission charge for their services which is usually a percentage of the annual rent is what a letting agency normally do. Due to the synergies that exist between the tow professions, letting agents often operates under the umbrella of an Estate Agents. However, a lot of agents are exclusively deal with lettings. Letting agents deal mainly with tenancies between private individuals and landlords.

One of the services offered by a letting agent is an introduction of a Landlord to a tenant is the most basic service. For this service, the cost to the landlord is normally a percentage of the total rent over the term of the tenancy and is charged up-front. This service has a commission between 7 % and 12.5 %.

You may consider the choice of renting through a letting agent if you have a property that you want to rent out to an appropriate tenant. Property management is the most difficult task handled by any landlords, therefore passing the responsibility to an agent is simply a good idea. It is just but beneficial hiring a letting agent if you wish you to rent your property. On the other hand, Landlords will ask for a deposit of at least month’s rental in some cases while this deposit is returned to the tenant in full after assessing that the property is still on its good and acceptable state.

For landlords employing a letting agent is desirable to handle every aspect of the tenancy and provide a useful mediator between tenant and landlord. They rely on the expertise of a letting agent to deal with all the paper works associated with renting a property, thus, relive the burden of the landlord.

It could be a long time to find tenants through private advertising or through word of mouth for landlords if they do not get an assistance of a letting agent. Sometimes landlords are worried to find dishonest individuals in marketing their own property. So, they prefer working with a letting agent as they are expert in their field and are knowledgeable with relevant legislation and offers advice on legal issues and taxes.


Availing services offered by a letting agent could best be experienced by visiting http://www.northwooduk.com. There you will find options suited to for every landlord and tenant’s needs.