14:02 PM, 16th October 2014, About 9 years ago 7
Having moved into new build properties I now have to use agents for letting as the usual route – spare room etc do not cover the high rent I am now charging (do not have the tenants to pay the higher value).
I’ve seen a number agents and it’s just dawned on me that my usual route of 6 months then moving onto a periodic tenancy is not ‘suitable’ for them, they want 12 or 24 month contracts (which they have got for me on the last 2 rentals).
Whilst my tenancies are normally over this time (my tenants stay for years) I am in control of the tenancies, e.g. I can issue 2 months notice.
What I have fail to understand is how agencies and their commissions work – obviously if they get a 12 month tenancy they take take 12 months’ commission – but if it’s 6 months and rolling, how does this work?
Elizabeth (Halequin Garden)