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Letting agent must be joking renewal fee right?

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566 views 1 replies latest reply: 04 December 2016
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Tenant

Hi guys, 

My friend an I have been in our apartment for a year and out of the blue the letting agent emails to say we should renew the contract at a small fee of £118 + VAT (7.5% of monthly rent). 

I look through the contract and find it says ‘If the tennant wishes to renew they must incurr a cost of £99 + VAT’ (£6.5% of montly rent). So I question the letting agent on a) Why he quoted a different price to that in the contract and b) Why is there a cost at all as we are happy with the contract terms so they don’t need to change anything so it’s at no extra cost to them. 

Can I have some advice on how to proceed or get out of this please? I really don’t want to pay anything for them doing nothing and particularly not that much. 

Thanks a billion in advance. 

Chris 

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Tenant

Hello Christopher, 

a) Why he quoted a different price to that in the contract – he shouldn’t have. The contract is valid and you should pay the agreed fee. 

b) Why is there a cost at all as we are happy with the contract terms so they don’t need to change anything so it’s at no extra cost to them. – there shouldn’t be a cost, but there is nothing that stops them from charging a fee. 

We did publish a long editorial piece on letting agent fees and offered a thorough discussion into what’s going to happen next, as the government announced their intention of banning all letting agent fees to tenants. Perhaps you want to read it, as it should answer most of your questions. http://www.thetenantsvoice.co.uk/your_home/letting-agent-fees-everything-you-need-to-know/

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