Letting Agent Takes Initial Fee and Commission


Some letting agents take an initial fee off your first payment as well as a commission off each of the other rents as well.  This guide will talk you through the process.

Firstly configure a tenancy for a letting agent and ensure that you have set the radio button to

Image 76  and fill out all of the numbers, including how much VAT they are charging.

Next, add a payment from the tenant to create the agent statement.

Now you can add the extra fee.  Go to Tenant Manager > Agent Fees > Agent Fees Tab > Add Agent Fee.  Use the same statement that you created when you added the payment (in this case ALL0101).

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This will add the initial fee onto the statement while retaining the commissions.