renewal fee for letting agents

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M
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Dear Dave

Further to our conversation about the letting agent wanting a 10% renewal fee when the tenants stay on past the initial 12 month period - which is up at the end of the this year - despite me already dispensing with their services as managing agents for the property in September as I was unhappy with their poor service.

I have unfortunately signed a fees agreement which mentions the 10% renewal fee but dont wish to now pay this as I feel it is completely unjustified and unearnt. they however have written to me disputing my reasons for sacking them and insisting on the renewal fee still being paid (and its a lot - the best part of 2000!!)

When I sacked the letting agents in September I took out a new tenancy agreement with the tenants commencing from October.

I would be grateful if you could write back to me explaining the advice you were giving me on the phone.

Kind Regards

Sarah


16/11/2009 00:00

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