Tenancy Renewable Agreement Issue

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UmaC
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Tenancy Renewable Agreement Issue

Post by UmaC » Wed, 10 Oct 2007 12:05 am

Dear Friends

We are facing an issue raised by our Agent while renewing the Contract. The owner is willing to let us continue our stay for another year BUT the Agent is creating problem. Agent wants 1 month commission for us to continue our stay. If the comission is not given he would take both the tenant and Owner to court.

Please advise me how am I to approach this problem.

It is very strange that to continue our stay in a house we still need to give commission to Agents.

Thanks & Regards
Uma

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Superglide
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Post by Superglide » Wed, 10 Oct 2007 10:28 am

Just tell the LL not to take the services of the agent any longer.

Let the agent take you and the LL to court, he stands no chance.
If only we could pull out our brain and use only our eyes.
Pablo Picasso

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DimWit Kid
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Post by DimWit Kid » Wed, 10 Oct 2007 1:18 pm

I agree. I had that kind of agent before.

Mind you the only thing why I don't use agent is that I had come to know the landlord quite well and have quite good relationship with him.

Agent could be useful (let's not argue - I know how un-useful they could be also) when you expects lots of issues with LL. Other than that I don't see the need of engaging agent for renewal.

Of course the agent raised a ruckus, but then I told him to sue me and he disappeared.

vincePang
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Post by vincePang » Wed, 10 Oct 2007 11:22 pm

Most likely its a rouge agent. They only think about the money..

synkronize
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Post by synkronize » Thu, 11 Oct 2007 9:13 am

DimWit Kid wrote:I agree. I had that kind of agent before.

Mind you the only thing why I don't use agent is that I had come to know the landlord quite well and have quite good relationship with him.

Agent could be useful (let's not argue - I know how un-useful they could be also) when you expects lots of issues with LL. Other than that I don't see the need of engaging agent for renewal.

Of course the agent raised a ruckus, but then I told him to sue me and he disappeared.
can i just clarify a bit further on this matter for my own knowledge? so does it mean that for every renewals of tenancy, there is absolutely no need/requirement to pay the agent another months' commission? is there a law which stipulaets this?

UmaC
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Post by UmaC » Thu, 11 Oct 2007 7:53 pm

Thanks to all for your suggestions!!!

I checked with IEA (Institute of Estate Agents). They said it all depends on how Agreement is phrased. If we had clause in the agreement talking about renewable deal, we could have avoided paying the Agent's commission.

Need to be bit causious in our second rental deal. Its been a good experience with this Agent.

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DimWit Kid
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Post by DimWit Kid » Thu, 11 Oct 2007 11:21 pm

synkronize wrote:
DimWit Kid wrote:I agree. I had that kind of agent before.

Mind you the only thing why I don't use agent is that I had come to know the landlord quite well and have quite good relationship with him.

Agent could be useful (let's not argue - I know how un-useful they could be also) when you expects lots of issues with LL. Other than that I don't see the need of engaging agent for renewal.

Of course the agent raised a ruckus, but then I told him to sue me and he disappeared.
can i just clarify a bit further on this matter for my own knowledge? so does it mean that for every renewals of tenancy, there is absolutely no need/requirement to pay the agent another months' commission? is there a law which stipulaets this?
I think you ask the wrong question. Question is: is there a law that tells you you have to pay the agent everytime you renew lease?

If there is no law saying that, why would you? The only reason I would is that if that agent works for me, ie. if in the current market, where rent keeps increasing, and he said to me he'd get me the same price rent without a fuss from ll, for example, then I'll say okay to give him commission. No work, no money.

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DimWit Kid
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Post by DimWit Kid » Thu, 11 Oct 2007 11:23 pm

UmaC wrote:They said it all depends on how Agreement is phrased. If we had clause in the agreement talking about renewable deal, we could have avoided paying the Agent's commission.
Oh ho... that's not true. If you have something written whether in your TA or in a separate contract that you have to pay the agent a second time if you renew, then you have to pay. If it's nowhere, there's no obligation.

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