anna63
22-02-2010, 20:48 PM
Hi
12 months ago i let out my former home to my current tenants. This was done through a letting agent as a let only and they deducted their annual fee from the first months rent. Now, a year later i need to renew the AST with the tenants (they have been very good tenants and have kept the property well). The only thing is now for this next year i would like to arrange for the property to be fully managed by a letting agent. However, not by the original agent that introduced me to these tenants in the first place (due to inconsistenices in their service-they say they appear to have lost my original paperwork and their staff members/agents keep changing so i end up dealing with different people all the time) but by another letting agent.
My question is if i arrange for the property to be fully managed (and new AST drawn up for this new year) by another letting agency, would i still need to pay the the original agent a renewal tenancy fee as i have kept the tenants they found for me? I checked the letting agreement i signed and it says:
'Renewal fee 4%. This fee is deducted at the start of each fixed term extension to the original AST'
Any advice appreciated
12 months ago i let out my former home to my current tenants. This was done through a letting agent as a let only and they deducted their annual fee from the first months rent. Now, a year later i need to renew the AST with the tenants (they have been very good tenants and have kept the property well). The only thing is now for this next year i would like to arrange for the property to be fully managed by a letting agent. However, not by the original agent that introduced me to these tenants in the first place (due to inconsistenices in their service-they say they appear to have lost my original paperwork and their staff members/agents keep changing so i end up dealing with different people all the time) but by another letting agent.
My question is if i arrange for the property to be fully managed (and new AST drawn up for this new year) by another letting agency, would i still need to pay the the original agent a renewal tenancy fee as i have kept the tenants they found for me? I checked the letting agreement i signed and it says:
'Renewal fee 4%. This fee is deducted at the start of each fixed term extension to the original AST'
Any advice appreciated