Legalities of Setting up a House Letting Agency

edwardm

Registered User
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24
Hi everyone,

Can anyone advise me on how to set up a letting agency / service? I'm aware of some of the requirements, but am still looking for some advice.

I have seen somewhere that as long as one doesn't hold money, deposits etc, then you don't have to be bonded / licensed? Is this true?

I'm only planning on starting out on a part-time / small scale basis first, and i'm just wondering about the legalities of it all.

Also, is 6% finders fee & 10% for fully managed service the normal?

Thanks folks

Edward.
 
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