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Is there usually a charge to carry out an 'assignment of tenancy'??

hart89
hart89 Posts: 69 Forumite
Second Anniversary 10 Posts
in House buying, renting & selling
Further to my earlier post, I have read online that if one tenant wants to leave the tenancy agreement but others do, the existing tenancy agreement can be assigned or transferred from one tenant to another with the landlords approval. Does this usually incur a fee?

Comments

  • HampshireH
    HampshireH Posts: 5,007 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Yes. Admin fees. These will be outlined by your agent
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 24 April 2018 at 6:41PM
    Yes. There is an administrative and legal process.

    Some landlord's might do it for free, but few letting agents would without considerable negotiation.

    The incoming tenant is also likely to need to be vetted (references, credit check etc) and this typically incurs a fee too.
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