Tenancy Agreement Renewal Fee Charged to Tenants

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Tenancy Agreement Renewal Fee Charged to Tenants

    I am about to enter into a tenancy agreement and the agent has told me that at the time of renewal of the contract he will charge a renewal fee. Is that normal practice , how can i avoid this from now ?

    Secondly, does rent normally increase or stays the same in UK, how can i avoid a no increase in rent after one year.

    #2
    Yes, some (not all) agents charge tenants a renewal fee. Tell the agent that you will not pay this fee for future tenancies you sign, its normally an amount (some) may be willing to forgo in order to keep a tenant in occupation and retain the business of their landlord.

    In regards to the rent increase, it is unusual that a Landlord will agree to allow you to live in a property without the option to increase the rent in the future. You are given 2 months notice of such an increase, if you read the contract it should state the maximum figure so you know what to expect. It doesn't automatically mean that the landlord will ask for an increase, it is usual when considering an increase to view what the prices are of similar properties and base a decision on that.

    Comment


      #3
      The agent is managing the property on behalf of the landlord and exercises significant decision making. If i tell the agent directly i risk losing out on the deal ? Do you think he is legally allowed to charge a tenant for the fee ? Isnt that considered unfair trading or can you advise of a subtle way of getting this into place ?

      Comment


        #4
        Originally posted by fahim81 View Post
        The agent is managing the property on behalf of the landlord and exercises significant decision making. If i tell the agent directly i risk losing out on the deal ? Do you think he is legally allowed to charge a tenant for the fee ? Isnt that considered unfair trading or can you advise of a subtle way of getting this into place ?
        Yes it is legal, they promote such fees are charged for administration (producing the contract/some reference again). This is obviously only payable when you sign a new contract, some tenants remain in the property on a periodic tenancy after the fixed term has expired. Though obviously then you don't have the secuity of an additional fixed term.

        What exactly have they said the fees are for ? How much are they?

        Comment


          #5
          Its a tenancy renewal fee of £100. (upon completion of the current contract of one year)

          Comment

          Latest Activity

          Collapse

          • Reply to Winter of Unpaid Bills
            by JBJ01
            While many on here worked their socks off for years during the day and then evenings and weekends putting their money into property, many others decided to live for the day and have total disregard for the future and what it may bring.

            Heading off to graft on house renovations in the afternoon,...
            11-08-2022, 05:17 AM
          • Winter of Unpaid Bills
            by jpucng62
            Does anyone think their tenants are ready for the huge rises in energy bills this winter? Given that unit prices are expected to more than double from where we are now (and that is a big rise already) does anyone think tenants really have a grasp on this?

            With mortgage rates going up fast...
            10-08-2022, 10:50 AM
          • Reply to Winter of Unpaid Bills
            by SouthernDave
            Good point...
            10-08-2022, 19:09 PM
          • Reply to Winter of Unpaid Bills
            by DPT57
            I'm more concerned at the possibility of a winter of unheated rental properties and then the tenants expecting me to deal with the resultant mold.
            10-08-2022, 19:04 PM
          • Reply to Dps deposit
            by Codger
            I think the deposit of five weeks rent is more trouble than its worth. Not taking deposits means being a bit more selective in choosing tenants.
            Considering the value of the asset the tenants are trusted with the deposit rules are crazy. But thats only one of the red tape obstacles to being a...
            10-08-2022, 18:22 PM
          • Dps deposit
            by Jm1972
            Hi All,

            i would be grateful if I could get some help please.

            I got an estate agents to find me a tenant and do all the paperwork and get proof of service for everything, tenant moved in and paid deposit just over a week ago.

            The estate agents took the deposit from...
            08-08-2022, 22:40 PM
          • Reply to Winter of Unpaid Bills
            by jpkeates
            The daft thing is that because people will owe them the money, it won't even affect the energy company profits.
            10-08-2022, 16:52 PM
          • Reply to Dps deposit
            by jpkeates
            Looking after a significant amount of someone else's money is not a trivial undertaking.

            I spent most of my career designing and building business solutions to replace manual processes.
            So I have a reasonable idea of what's possible.

            There's nothing in it but downside...
            10-08-2022, 16:50 PM
          • Reply to Winter of Unpaid Bills
            by Hudson01
            As said the idea of simply not paying is in the realms of crazy. They can get a warrant and fit a pre-payment meter to the house without your consent, i understand they will not be able to do this with everyone but the message will soon go out if they target the 1st few thousand, and as said your credit...
            10-08-2022, 16:47 PM
          • Reply to Dps deposit
            by gnvqsos
            You accept and defer ,and I take the view that the DPS could set up a programme where the incoming receipt of fund(and email details) could trigger the transmission of information relating to the DPS, and its processes. It means there is one less thing to go wrong. I like an easier life and do not take...
            10-08-2022, 16:29 PM
          Working...
          X