do I pay a initial leasing fee if I found the tenant and approachd pm to manage

[tang]

As above.

I bought a house and my incoming tenant is known to me. I have approached a real estate to manage it and they want half a week for initial leasing fee when all they are initially doing is drawing up the agreement. There are other regular charges such as processing the document which I am fine with.

Please advise ss!!!

 

[Jamie M]

Depends on the agency but I've been able to have this waived previously. Just ask them.

Cheers

Jamie

 

[Lil Skater]

Half a week is reasonable if they are processing the application, drawing up the lease agreement, lodging the bond and doing a thorough condition report, plus there's a few other administration bits and pieces.

The condition report is what takes the most time.

Of course this is dependant on the price of the property as well, if it's a high end property, then you may expect to pay less than half a week.

 

[tang]

Half a week is reasonable if they are processing the application, drawing up the lease agreement, lodging the bond and doing a thorough condition report, plus there's a few other administration bits and pieces.

The condition report is what takes the most time.

Of course this is dependant on the price of the property as well, if it's a high end property, then you may expect to pay less than half a week.

thank you for your responses LS and Jamie M

those other fees you mentioned are already listed in the agreement as separate items i am to pay the agency

 

[Lil Skater]

thank you for your responses LS and Jamie M

those other fees you mentioned are already listed in the agreement as separate items i am to pay the agency

Oh, in that case it may not be reasonable. Especially if they haven't advertised at all.

The leasing fee I charge is inclusive of everything, so I would offer a discount only.

 

[chilliblue]

Have a talk to the PM and start with the request that you do not make the payment.

 

[Terry_w]

As above.

I bought a house and my incoming tenant is known to me. I have approached a real estate to manage it and they want half a week for initial leasing fee when all they are initially doing is drawing up the agreement. There are other regular charges such as processing the document which I am fine with.

Please advise ss!!!

The terms of any contract are negotiable. Maybe put the tenant in first and then appoint the agent.

 

[robboat]

Bargain hard as you have done most of the initial leg work!

I found a tenant and arranged my current PM to organise the lease for just $33 to cover their time.
Only a small place but I have other IP's that the PM manages.

Never hurts to ask for a discount.........