Renewal Fees

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    Renewal Fees

    18-04-2019, 05:15 AM
    Renewal Fees
    I signed up to get an agent to find a tenant, I stated that I would not need help with renewal etc. However, buried in the contract there is a clause that I did not see(my fault). My tenants want to renew and the agent wants 150 pounds to renew! The contract is staying the same, they just have to change the dates. It seems crazy. The tenants and I have been in contact and have a good relationship.They also believe it is a scam. What we have agreed on is that we will terminate the agreement, their deposit will be returned then we will sign a new contract and I will register the deposit. Are there any pitfalls of doing this?

    Yes. You could have just let the tenancy go into periodic/rolling contract.

    The problem is you will also find other clauses about the agnet reserving the right to continue charging whilst the tenant they found is in residence. You won't be able to simply cut them out.

    Tell the agent you don't want a new contract, jst to let the tenancy roll on!


      was this "tenant find only" or an on-going relationship with agent?

      Who holds/protected the deposit?


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