Being Charge to renew Tenancy agreement (is that right!)

PROFESSIONAL_LANDLORD

clutton wrote: »

i dont think £40 is unreasonable. Why do so many on this site assume that letting agents are willing to do work for nothing ?

Sorry, ??? For Nothing ! I thought letting agents charged LLs 12% -15% for their services. If the tenant is paying their rent, and paying their rent on time ,don't you think that's enough ? I would go mental if a letting agent was trying to screw money from one of my tenants, many tenants call us for a new lease, and we print one off for washers, and I think to myself, GREAT! that's one property less that we have to advertise, no lost rent, and one less we don't have to do viewings on.:mad: ridiculous statement.

tigtig

Thanks guys for all the good info again

In the new amended contract it states that the landlord has to give us 2 months notice and we also have to give 2 months notice.
So if we wanted to move out it would make that difficult, might be hard to find a landlord that would be willing to wait 2 months before we move in.

By what other's have said the landlord has/will have to give us 2 months notice anyway so there's no gain in signing this new contract. In fact it might makes us worse off if we ever wanted to move. Is my logic right here or have I completely missed the point!!!

At the end of the day the letting agent is making say 11% of the poor landlord, what ever interest he's gaining from my deposit sat in his bank account. I think I will tell him tonight that I'm not signing the new contract.

scrummy_mummy_2

Just a side thought......your deposit.....
As of 6 April 2007, any agent or landlord taking deposits from tenants must 'protect' the deposit in one of 3 Government backed schemes.
Any deposits taken/held before this date ARE NOT COVERED by the new legislation, unless a new AST is created.
If you sign a new 12 month tenancy agreement, a new AST (Assured Shorthold Tenancy) will have been created and your deposit will have to be registered/covered BY LAW by one of the new schemes which (Should!!) make resolving any disputes over future questionnable 'deuctions' by the agents easier to resolve........
Personally....if I was you....I'd cough if the £40 odd quid JUST so my deposit could be protected from spurious deductions in the future........
For further information visit:
https://www.depositprotection.com (agent holds deposit)
https://www.mydeposits.com (Landlord holds deposit)

Sisyphus

The letting agent has one client: the Landlord.
Did you specifically ask them to renew the contract for a year? Are you happy with that?
It means you're contractually obliged to pay the rent for the whole year. Do you want that constraint? One of the advantages of renting is the flexibility to move at short notice. If you are a good tenant it's worth a lot to the landlord to keep you.
Refuse the £40.

prudryden

£40 seems on the cheap side. If you had to move out and find another place, your total cost would be more than that.

dnwilliams

£40 is reasonable, some agents charge up to a weeks rent to extend.