I’ve just renewed my tenancy for a third year and, wanting to have a bit more flexibility in case life changes and we need to move, I checked the tenancy agreement for remarketing fees. Our agreement states that it will cost one month’s rent + VAT (non-refundable) to remarket the property should we get agreement from the landlord to release us from the tenancy early. Prior to signing, I asked for this to be changed to a lower fixed fee that reflected the actual costs of remarketing but received a flat refusal from the letting agents.
It’s not a dealbreaker at this time as we don’t have any plans to move, I was just seeking to have more flexibility. However, I’m interested if anyone can explain why this fee is based on rent rather than being a fixed cost? It seems to me that remarketing of a property would incur approximately the same costs regardless of the amount of monthly rent being paid. It also seems excessively steep to be charged over £1000 for remarketing the property in the event that we seek to end the tenancy early.