COVID 19 rent reduction

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    COVID 19 rent reduction

    Hi all, if a tenant requests to have the rent reduced because of COVID 19, is the commission payable to the estate agents also adjusted since it is a percentage of the rent?

    #2
    There's no general answer to that.

    It depends what your agreement with the letting agent says and how you agree the rent reduction.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #3
      You don't have to agree a rent reduction. You could agree a deferral of part of the rent for a period and a repayment plan for clearing the arrears at an affordable rate.

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        #4
        If you are paying a management percentage it will be calculated on the contracted rent so no.
        If you have simply paid a percentage finder fee then ditto. No.

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