Letting agents can just find a tenant and charge commission for this only  - sometimes referred to as a procurement lease or they can find a tenant and manage the tenant for the duration of the lease period, this is often referred to as a managed lease.

Tenant Placement - Procurement Lease

If an agent just finds a suitable tenant they will discuss a special procurement rate for marketing and showing potential tenants to the property you have to rent.

The letting agent will be able to advise what the rental should be and advertise and market the property accordingly.

Once the letting agent has found a suitable tenant, the agent will credit check the tenant and confirm references. The tenant will sign a lease agreement with the landlord and the procurement fee for finding the tenant will be paid to the agent from the first month's rental.