Average agent fee spend for tenants over £500

Agents will have to undergo criminal checks to remain in business

According to new research, carried out by an agent working for Belvoir Manchester, the average tenant spends a total of £577.64 on letting agent fees and the average security deposit is £587.93.  It also calculates that the average tenant recoups £511.73 of their initial deposit after a tenancy and that cleaning disputes are the most common reason for deductions.

Harry Dhaliwal, who runs Manchester’s Belvoir franchise and carried out the study, says “The findings of our survey highlight that renting across the UK is not as expensive as sometimes reported and most people get full deposits back from landlords.”

Read the full story on Letting Agent Today

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