Paying Letting Agent's fees when changing to rolling contract

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    Paying Letting Agent's fees when changing to rolling contract

    Hi

    My tenants' 12 month AST is about to come to an end and they have asked via the letting agent whether they can go onto a rolling contract to avoid paying the renewal fee which I'm happy with. However the letting agent firstly still thinks they can charge me a renewal fee and also want to continue charging 50% of their management fees 6 months in advance even though the tenants could in theory move out in less than 6 months.

    Has anyone had any experience of this? My contract with the letting agent doesn't refer to how fees are charged in the event of a tenant going on to a rolling contract.

    Thanks for any advice you can offer.

    #2
    Lets start with the fact that the tenant didn't need to ask the question - it's an automatic legal right so just why the agent are even passing on the query is questionable.

    Accepting the fact that the contract doesn't specifically state how fees will be payable in the event of a statutory periodic tenancy, can you quote any clause about the payment of fees?

    I would ask the agents what they believe they are renewing (to warrant renewal fees). Or make a simple statement "nothing is being renewed, therefore renewal fees are inappropriate".

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      #3
      Originally posted by Snorkerz View Post
      I would ask the agents what they believe they are renewing (to warrant renewal fees). Or make a simple statement "nothing is being renewed, therefore renewal fees are inappropriate".
      Rather like that!
      The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

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        #4
        And letting agents wonder why they have a reputation for being greedy.
        'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

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          #5
          I dont know if this is the case but some agents have a lower monthly percentage fee to attract buisness but make it up on renewals as part of their fee structure. I saw the T&C'S for a national letting company recently and I couldnt beleive the extras they charged and their monthly fee wasnt low to start with.
          I guess the moral is to read the small print and dont pay extras if you havent signed up to it.

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