Renewing of an AST through a letting agent
I wonder if you could help?
I have an existing tenancy which is coming to completion on 21 July 2012. The present tenancy was set up through a letting agency and frankly, I really don't want to have anything more to do with them!
The present tenants though have expressed a wish to continue living in the property and thus would like to renew. The existing letting agents would obviously like to renew the contract through them and thus charge a 7% finders fee, even though the tenants were found last year and the agency been paid accordingly.
Is there anything I can do to bypass the agency at all? If I renew or set up a new contract directly with the tenants, would it be possible for me to not pay the agency, or would I have to pay the agency anyway and just save the renewal commission fees?
Many thanks in advance for your help.
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