Letting agent

A letting agent is a facilitator through which an agreement is made between a landlord and tenant to rent a residential property.

A letting agency normally charges a commission for their services, usually a percentage of the monthly rent.

Although there are two main types of renting, letting agents deal primarily with tenancies between private tenants and landlords.

There are a number of services offered by lettings agents, including: Typical letting agent fees to tenants in England and Wales may include: The chancellor, Philip Hammond, promised to ban letting agent fees in England and Wales in his autumn statement of November 2016.

New rules came into force in December 2017 that introduced a raft of changes designed to protect both landlords and tenants, but negotiating the regulations has caused a headache for some property owners.