Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I had a letter recently from my letting agent regarding renewal of my tenancy, and there was a £75 charge for moving to an SPT. As I had done a little research I questioned this fee, and the response I got was that the fee is there as a deterrent which I thought nothing more of.
I signed the form indicating my intent to move onto an SPT (I guess accepting that I would pay the fee). After a few days the letting agent got in contact saying that they were having trouble convincing the landlord to allow us to stay on as an SPT, but they would keep trying (whether or not they were lying I don’t know).
A few days later I got another email saying that the landlord had accepted and I can now pay the fee.
I have since been wondering if I really have to pay this fee. Can they make me pay this? Is it even legal to charge a “deterrent fee” for this?
On another note the renewal fees for 6 or 12 months were only £30 which is why I feel that this is a bit unfair.
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