This website uses cookies to ensure you get the best experience on our website, read about our cookie policy.
Accept Cookies
National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

Letting fee if tenant renews but I create the contract
Letting Agents

Diggles
Diggles
0 Thanks
10 Posts
3 years ago
0

Hi all,

I have tenants who want to stay another year. I have a contract with the letting agent that states a renewal fee if the tenant renews his tenancy. But if I set up the contract, does that count as a renewal and I have to pay the fee? 3% seems steep for changing dates and sending it to the tenant! I would think if I did this I wouldn't be able to let through this agent again (but to be honest I think in the future I will do it all myself anyway).

Note: accidental landlord muddling my way through!

Thanks in advance.

James

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?