The online lettings agency Upad has launched what it describes as a “pay on success” option for landlord clients.
The company says the option is “the most comprehensive” it offers and “is intended to appeal to the less experienced or first-time landlord.“
It includes a premium Rightmove listing with professional photography, as well as obligatory paperwork to ensure the tenancy meets all compliancy requirements.
The £399 fee is payable once a tenant has been secured and the referencing process starts.
Agency founder James Davis claims this offer is in response to client demand.
“This ensures that the options we provide not only meet their current needs but exceed expectations and allow us to stand-out in comparison to traditional high street agents. The launch of our ‘Pay on Success’ package is one such innovation. Landlords don’t come in one size and we’ve always offered a variety of options to reflect this” he says.
He says that in the final quarter of 2017 the number of landlords registering to use Upad’s services grew by 20 per cent compared to the same period a year before.