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.