I'm a landlord and my existing tenant wishes to renew at the same rent (which I am okay about). My agent wants to charge me the full commission of re-letting to to the same tenant. I found this article below
www.guardian.co.uk/money/2009/jul/10/foxtons-oft-lettings-battle
However, I am not clear what this means. Do I have to pay the extortionate renewal fees? I suggested a reduced amount (I haven't heard back yet) ... but now I am wondering if I should be paying anything.
Anyone have any recent experience with re-letting a property to existing tenants?