Find A Tenant Only
Some letting agents have options for find a tenant only, which is usually a one off payment of roughly the one month's first rental. This means that you might have a void period of one month, no income.
Council Tax
But if the flat is furnished, and in some areas whether or not it is furnished, you pay the occupant's council tax (which covers rubbish collection and the right to send your children to a local school if this is your main home for five days a week).
Rent Management
You might see another tick box for rent management - meaning they collect the rent, taking a proportion, instead of charging you the whole fee at the start to cover their advertising, any professional photography, their time and their own office and rent overheads, and their business profit. the fee for the rent collection might cover insurance against loss of rent.
Why Insure
Why would you lose rent? if the tenant chooses to move out, loses their job, gets transferred overseas, an elderly or sick tenant died, disappears, gets murdered, sent to prison, or you evict them because of the damage or nuisance to other tenants, or illegal activities on your premises.
A friend of mine found the tenant's wife dead on the sofa and the tenant disappeared. Her sofa was removed as evidence by the police. The flat was behind yellow tape, out of bounds, during a year long investigation, with never any indication of when it would become available and could be advertised for rent again.
I heard of another case where
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