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Why do we get charged admin fees?

Hi, during these difficult times many people ask me why do we get charged admin fees on top of a deposit by estate agents. They seem to think that its unfair.

Asked on Mar 11 2011, Renting in Manchester | Report content

Answers (3)

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  • Admin fees are to cover the time taken by the agent to produce the documentation required for a Tenancy such as Tenancy Agreement and Inventory

    Answered on Mar 11 2011, Report content
  • I attach a link to a RICS leaflet about renting property. Estate agents have to make a living and certainly in Cardiff its a very competitive business. If Agents charged more than others they wouldn't let many properties. I make a small charge to both the landlord and the tenant when I let a property and use much of the later to fund an understandable credit check on each adult. Its due diligence to do that.

    Web reference: http://www.rics.org/site/download_feed.aspx?fileID=187&fi...

    Answered on Mar 12 2011, Report content
  • All of the above answers are correct. Admin fees are to cover the cost of the time it takes to complete the documentation of the tenancy agreement, inventory, and to complete the referencing. You can counter-act this by using a private landlord, whereby they would be unlikely to charge admin fees.

    Answered on Mar 16 2011, Report content

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