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A letting agent is a phrase used in United Kingdom to refer to a person who facilitates the making of an agreement between a tenant and a landlord in cases of residential properties. The letting agent is known to charge a certain commission for his/her services which is generally a fixed percent of the yearly rent.

These agents usually work in conjunction with Real Estate Agents owing to the similarities in their line of work, but many letting agents are also known to work independently and deal only in lettings.

The services that letting agents generally offer can be divided into three (3) parts:
Their principal service is introducing the landlord and the tenant. The landlord is normally charged a fixed percent of the agreement’s total tenancy term and this is charged at the beginning of the term. This is generally in between seven (7) and eleven (11) percent.
The tenant is charged, what is known as, the administration fee, and this is also charged up front. This is to take care of the application being processed, and also normally takes care of possible tenants wanting to undertake credit searches. These fees can be varied, and are usually in between

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