Sublet fees – More than I charge for a lot more work!Make Text Bigger
I know this isn’t a new topic, but I would just like an opinion on clauses being used to try and get £160 for new sublet and £60 for a renewal (I own a Property management company and its more than I charge landlords for a hell of a lot more work).
I have owned a flat since 2002 where on the purchase I got permission to sublet and its all been peaceful until now when they want me to list and pay for all the tenancies that I’ve had since owning the flat.
The clauses they refer to are these and the second clause I just find totally confusing.
– Not to underlet the flat or the parking space without the consent of the company.
– Upon every underletting of the flat and upon every assignment transfer thereof or charge thereon and upon the grant of probate or letters of administration affecting the term hereby granted and upon the devolution of any such term under any assent or other instrument or otherwise howsoever or by any order of the court within one month thereafter to give to the company notice in writing of such underletting assignment transfer charge grant assent or order with full particulars thereof and of the name quality and place or places of abode of such under lessee or underlesees or the person or persons in whom the term hereby granted shall have become vested or to whom it shall have become charged as aforesaid and to produce to the company every such document as aforesaid and to pay to the company 0.05% of the value of the transaction (but not less than fifteen pounds) together with vat on such sum for the registration of such notice
Do I just pay up? I know there have been cases that say that the fee should be around £40 but these are from a good few years ago so would they still be valid to quote?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.