Letting agents will charge fees for setting up a tenancy. These include administration fees, holding fees, credit check fees and check-in fees. Letting agent fees can vary from £70 to £1000+.
Some letting agents do charge non-refundable fees in certain instances. So, if the letting is cancelled the tenant will not be reimbursed.
As of the 1st of November 2013, letting agents are required by the advertising standard agency to ensure that non-optional fees are displayed in adverts alongside rental prices.
If additional fees can be calculated in advance, these will be included with the quoted asking rent. If non-optional fees cannot be calculated in advance; because they depend on individual circumstances, then all marketed property must clearly state the nature of these and how they will be calculated.
