Upad changes its fee structure to reflect what ‘landlords really want’

first_imgOnline-only letting agency Upad has announced that it’s abandoned offering landlords fixed packages and has also signed a deal with deposit replacement platform Zero Deposit.Upad says that although it has processed 75,000 rental transactions since it launched 11 years ago, it has decided to significantly change the way it charges customers “to reflect what landlords really want”.It now offers a basic pay-upfront ‘find a tenant’ service for £149 including VAT but enables landlords to ‘pick and choose’ which services to bolt on.“Half of all UK landlords have been in business for over five years and understand the regular and ongoing demands of letting a property,” says James Davis, its Chief Executive (left).“In many cases, they have established tenancy agreements in place, inventories have been drawn up and amended on numerous occasions and an investment has been made in quality property images – they simply don’t require everything, every time they let a property – this allows them to pick and choose.”This is in addition to Upad’s existing £449 ‘pay on success’ service that it launched earlier this year. It also a fully-managed service that costs £559 plus £72 a month, both including VAT.Deposit dealThe company has also launched a partnership with former Zoopla sales director Jon Notley’s Zero Deposit platform. This will enable landlords to list their properties on Upad as ‘not requiring a traditional deposit to be paid’, the first time a hybrid or online letting agent has offered such a product.“It’s just another way we’re challenging the status quo, making our service transparent and ultimately handing power back to the landlord,” says Davis.james davis Jon Notley upad zero deposit September 26, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Upad changes its fee structure to reflect what ‘landlords really want’ previous nextAgencies & PeopleUpad changes its fee structure to reflect what ‘landlords really want’This is the second time the online-only lettings agency has changed the way it charges landlords this year.Nigel Lewis26th September 201801,955 Viewslast_img read more