At a glance
- Let Only costs 6% of the rent. We advertise your property, find your tenant, run references and credit checks and prepare the contract. You take it from there.
- Collecting the rent and registering the deposit are added at the next level, Rent Collection, so with Let Only they are yours to do.
- A deposit must be protected in an approved scheme within 30 days of receiving it, so decide early who is doing that.[1]
Rules and figures last checked October 2026.
What Let Only covers
It gets the property let to the right person on a properly prepared contract, and then hands it back to you.
- Advertising your property to find tenants.
- Finding your tenant, from enquiries and viewings to an agreed offer.
- References and credit checks on the people who want to rent.
- The contract: we prepare the tenancy agreement.
The cost
- Fee
- 6% of the rent
- Extras
- Priced separately
Inventories, certificates and notices are priced on our services and fees page.
What stays with you
Because Let Only ends once the tenancy starts, the day-to-day running of it is yours.
- Collecting the rent and chasing it if it is late. If arrears build up, the protecting your income guide explains the rules.
- Protecting the deposit within 30 days, and giving the tenant the prescribed information.[1]
- Rent increases, which can only happen once a year, by Section 13 notice with at least two months’ warning.[2]
- Repairs and keeping the property fit to live in.[3]
Is Let Only right for you?
It suits landlords who are happy to run the tenancy themselves, live close enough to deal with problems, and mainly want help finding and checking a good tenant and getting the paperwork right. If you would rather not collect rent or deal with repairs, look at the other levels.
- 1
Start with a valuation
Find out what the property could let for with a free rental valuation.
- 2
Check the legal ground
See your legal responsibilities and whether you need a licence.
- 3
See how the whole process works
Read how letting works, step by step.
Sources
Every figure and rule above comes from one of these, read in October 2026. The dates are the ones each publisher shows as when the page was last updated.
- [1]Housing Act 2004, section 213: requirements relating to tenancy deposits (opens in a new tab)legislation.gov.uk
- [2]Rent increases (assured tenancy agreements: a guide for landlords) (opens in a new tab)GOV.UK
- [3]Landlord and Tenant Act 1985, section 11: repairing obligations in short leases (opens in a new tab)legislation.gov.uk
This is a general guide to the rules in England, not legal or tax advice. Your own circumstances, and your lease or mortgage terms, may change what applies, so check the sources below or speak to a solicitor or accountant before you act.