8:47 AM, 29th December 2021, About 3 weeks ago 15
Hello everyone, My question is If you pay/select full management for a letting agency for a year’s tenancy, but subsequently the tenant wants to stay on for a FURTHER year and do a new tenancy/renewal with the landlord rather than agency managing has anyone heard of the agency is it common practice/allowed to then charge fee equivalent of 6 months management for that NEW/RENEWAL tenancy if the landlord manages BEFORE the new/renewal tenancy has been done/signed?
In my case, the agency insists that ‘everyone’ does it. It feels like this is nonsense as locally I have checked some agencies locally, and they just cite a ‘renewal’ fee, that’s all. Even the said agency terms and conditions merely say if tenants stay on there would be a renewal fee and also ‘IF’ the tenants need referencing again there would be a fee for that and that’s it.
Could be wrong, but I wager it’s ridiculous to charge a 6-months fee when the landlord would be managing, I could go along/understand with perhaps the as it is known ‘Let only’ fee but the equivalent of 6 months management when not managing?
After all that is pretty much saying those who give them less custom with just ‘let only’ as they do not get the 1 year’s management but by giving them 1 year management are they saying ‘everyone’ then charges said landlord for management of the property themselves for the subsequent tenancy but not if they did not even get 1 years management in the first place.
So has anyone heard of this at all, let alone commonly done?
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