It’s rewarding to let property in London, but it also involves time and effort, and responsibility. This is where the letting agents come in and handle everything for you in the market, including tenant screening, rent collection, and maintenance. But the common question is: how much are letting agent fees for landlords?
If you are planning to rent your property this year, we have compiled a fee structure to help make your investment worthwhile. Let’s start with:
What Are Letting Agent Fees?
Letting agent fees are the charges landlords pay for professional help in managing their rental properties. These fees vary depending on the level of service you choose, from a simple tenant finding package to complete property management.
In 2026, fees may vary slightly between agents and locations, but most London agencies, including Cribs Estates, let their clients know in advance. The aim is to ensure landlords know exactly what they’re paying for without any surprise charges later.
What are the types of Letting Agent Services?
There are three main types with separate costs:
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Tenant-Find Only
For landlords who want to manage their properties themselves, the agents will help them with advertising the property, handling enquiries, arranging visits, and securing tenants. They also help with preparing tenancy agreements and typically charge 8–12% of the annual rent (one-time fee).
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Rent Collection Service
Agents help find new tenants and manage rent payments each month. They are responsible for ensuring timely rent and chasing after late payments, and handling payment-related issues. The typical fee is 10–14% of monthly rent.
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Full Property Management
This is the most widely used option for landlords who want to focus on other portfolios but don’t have the time to handle all tasks. The agents handle all tasks, including finding tenants and collecting rent, as well as managing repairs, inspections, and legal compliance. The typical fee in 2026 is 12–18% of the monthly rent.
What’s Included in Letting Agent Fees?
Whilst costs may vary, a good letting agent should offer a comprehensive package that covers:
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Professional property marketing on major portals.
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Tenant referencing and background checks.
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Right to Rent and ID verification.
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Preparing tenancy agreements and legal documents.
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Rent collection and deposit protection.
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Routine inspections and maintenance coordination.
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Handling tenant issues and renewals.
Some agents may also offer additional services, such as rent guarantee insurance or inventory management, for a small extra fee.
What Affects Letting Agent Fees in 2026
Several factors can influence how much you pay:
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Central London properties usually attract higher fees due to demand and complexity.
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HMOs and luxury properties often need more management time.
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Full management packages naturally cost more than tenant-find only.
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As the rental market in London stays strong in 2026, some agents may slightly adjust their fees to match demand.
Why Paying for a Letting Agent Is Worth It?
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You don’t have to deal with tenant calls, repairs, or legal updates.
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Agents ensure your property meets all compliance requirements, including gas safety, electrical checks, and deposit rules.
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Agents have access to quality tenants through screening and referencing.
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Professionals know how to ensure minimum void duration.
Frequently Asked Questions
1. Can landlords still charge tenants admin fees in 2026?
No. The Tenant Fees Act bans most tenant fees in England. Letting agent fees are only charged to landlords, not tenants.
2. Are letting agent fees tax-deductible?
Yes, landlord letting fees are classed as allowable expenses and can be deducted from your rental income when filing taxes.
3. How can I compare letting agent fees?
Always check what services are included. Some cheaper options might not cover inspections or maintenance, which can cost you more later.
How Cribs Estates Helps Landlords in 2026
At Cribs Estates, we understand that every landlord’s needs are unique, whether you manage a single flat or several rental properties. We aim to make the letting process simple, transparent, and profitable by onboarding local resources from the area.
We offer flexible services, from tenant-find only to full property management, so you can choose the level of support that suits you best. Our pricing is clear and fair, with no hidden costs, so you always know exactly what you’re paying for and why.



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