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Questions relating to letting fee - for letting agent

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  • Questions relating to letting fee - for letting agent

    Hi,

    Not too sure if this question has been posted before, but I am new here and we are starting out a new company.

    As I have read, a letting fee is charged by the letting agent who is in charge of renting out a property for the landlord. Is that letting fee paid to the property management company or to the letting agent? If it's easier i'll give an example,

    Sorry just a little confused here please help a newbie out!

  • #2
    It goes to the company. How your renumerate the letting agent is up to you.

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    • #3
      Great thanks!

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      • #4
        To the property management company. After all, the letting agent is employed by the property management company.
        www.PropertyMinder.co.nz
        # Property Management
        # Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices

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        • #5
          Is everyone else as scared as I am?

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          • #6
            Yes - strange post really!

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            • #7
              Hi TSN

              It gets paid to the management company, some companies split the letting fee with their leasing agents and they work on commission only

              Hope that helps
              Fraser Wilkinson
              www.managemyrental.co.nz
              Wellington / Lower Hutt / Upper Hutt / Porirua

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