Home Question Can’t afford to pay the Agency’s tenant finder fee any longer.

Can’t afford to pay the Agency’s tenant finder fee any longer.

56
LANDLORD FORUMCategory: LettingCan’t afford to pay the Agency’s tenant finder fee any longer.
Thanos biris asked 1 month ago

Hi all and thanks for the addition to the group. I have been with the same agency for a long time, so they have milked me for a long time. They gave found me tenants, and now we’re coming to their 3rd year of reneqing. The thing is that I don’t want to pay another annual fee for them finding my tenant(s). The question is , what wiull happen if I don’t sign the new renewal contract. I know that the tenant(s) will stay, for sure, but what does it mean for me, legally? Thanks in advance

I

Christine replied 1 month ago

Good question. You will need to read the contract that you have with them. The previous contract (not the new unsigned one).

Very likely the contract will have a clause to deal with cancellation/ termination of the contract between them and you. Read this carefully. The agent contractually is likely to seek a fee if the existing tenant is going to remain in the property. The tenant they found and is in your property now.

1 Answers
Christine answered 1 month ago

Good question. You will need to read the contract that you have with them. The previous contract (not the new unsigned one).

Very likely the contract will have a clause to deal with cancellation/ termination of the contract between them and you. Read this carefully. The agent contractually is likely to seek a fee if the existing tenant is going to remain in the property. The tenant they found and is in your property now.

Load More Related Articles
Load More In