Do You Have To Pay To Renew A Tenancy Agreement
For example, when rent is paid monthly, the “period” normally extends from month to month. Some time ago, I used my local rental agent in High Street to find a tenant and fully manage the lease. Eleven months later, the fixed term of the lease expired and, as a result, the lease had to be renewed (i.e. a new contract with new dates had to be signed), unless I wanted the lease to become a periodic lease. As a landlord, my agent wants to charge me more than a month`s rent as a renewal fee, even my tenants and I would like to upgrade to a periodic contract/roll.