Tenancy agreement renewal fee

You are here : Member Forums Access Tenancy agreement renewal fee
This topic has been locked as no posts have been made within the last 90 days.
1 Posts
0 Thanks
A year ago I let a flat through an Estate Agent who charged me the full 10% of the annual rent, which I paid, just for introducing a Tenant. They do not manage the property and they did not even prepare the Tenancy agreement as I prefer doing my own . Their services were limited only, I insist, on the introduction of the Tenant.
Now my Tenants have told me they want to renew the Tenancy and I had a call from the Agency to ask me whether I agreed to renew the agreement for another year. They also said that I could increase the rent etc...
but that in any case I would have to pay them a renewal fee: another 10% or possibly 8% of the yearly rental.
I know this is more or less normal practice for Rental Agencies to charge a renewal fee or at least try to, but surely if their work has been limited to the introduction of the Tenant only I cannot see why I should pay for another year fee (about 1500) just for renewal of a Tenancy agreement when they don't even prepare the paper work themselves.
I told them I was relunctant to pay that fee as I did not think it was justified.
Could you tell me where I stand legally with this issue?
Many thanks
I would like to know

01/02/2011 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page