My current letting agent charges a £250 'renewal fee' every 12 months when a tenant extends their contract. Is this charge legally enforceable and are there ways to negotiate it down or avoid it by switching agents?
Quick Answer
A £250 tenant renewal fee is illegal for landlords or agents to charge tenants under the Tenant Fees Act 2019. Your letting agent can charge *you* (the landlord) a renewal fee as part of your service agreement, but this must be transparent and agreed upon upfront.
About This Topic
Understanding UK letting agent renewal fees. Discover if your agent's £250 renewal fee is legal for landlords or tenants under the Tenant Fees Act 2019. Learn to negotiate or switch agents.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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