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Paying Over The Odds - Rent Renewal Fees

Landlords Make A Stand

Several years ago, landlords took action against the likes of Foxtons, Chestertons and other mainly London based letting agents for unfair rent renewal fee commissions.  These commissions were unexpected by landlords when the tenant renewed the yearly letting agreement with the landlord.

Usually the landlord's gripe was that the letting agent did not discuss the true cost of finding a tenant and moreover the letting agent had done nothing for the reward typically 9 - 12% of the rental income.

Publicity

What appeared to spark the injustice of such rent renewal fee commissions was the former Blue Peter presenter Konnie Huq signed objected to the renewal fees.  For further information on this story please visit the following rent renewal fee commission article "Buy-to Let Landlords Paying Over The Odds."  Reported online Daily Telegraph

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