Like Tree4Likes
  • 1 Post By TheBrit
  • 2 Post By JAherbert
  • 1 Post By MandM!

Renew lease - agency fee

  1. #1

    Join Date
    Dec 2015
    Posts
    47

    Renew lease - agency fee

    Hello,

    I’m planning on renewing my lease with the landlord. I got the apartment through an agency and I have been dealing with them instead of the landlord, which I assume is normal.
    The landlord wants to charge a 1000 more. If I agree to it and renew the lease. do I have to pay the agency fee again?
    any information on this would be great.
    Thanks in advance


  2. #2

    Join Date
    Apr 2012
    Posts
    906

    no, you shouldnt have to pay them again. They already got a good dip in the first place.


  3. #3

    Join Date
    Aug 2009
    Posts
    2,136

    But only if you don't use them for the renewal. Else I would ask them upfront


  4. #4

    Join Date
    Dec 2002
    Location
    θ–„ζ‰Άζž—
    Posts
    24,561

    If the agent is handling the renewal, then you may have to pay - best to check.

    Having said that there is no real reason to involve an agent in an existing tenancy. Who is handling the renewal? Are you speaking / negotiating with the landlord or is the agent doing this?

    Have a GeoExpat related problem - please create a support ticket.

  5. #5

    Join Date
    Oct 2010
    Posts
    17,530
    Quote Originally Posted by shri
    Having said that there is no real reason to involve an agent in an existing tenancy.
    Language barrier can be one common reason. Most agents don't try to charge for this I've found.
    shri likes this.

  6. #6

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    1,815
    Quote Originally Posted by shri
    If the agent is handling the renewal, then you may have to pay - best to check.

    Having said that there is no real reason to involve an agent in an existing tenancy. Who is handling the renewal? Are you speaking / negotiating with the landlord or is the agent doing this?
    the landlord often has the agent handle the renewal 1) as a favour to the landlord but also 2) the agent likes to keep in contact with LL. And it is no cost to either. Personally, i have never been charged for renewal in 20+ years.
    shri and TheBrit like this.

  7. #7

    Join Date
    Aug 2011
    Posts
    7

    No Agency fees is required. You just deal direct with the landlord. but you must pay stamp duty from both parties.


  8. #8

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    1,815
    Quote Originally Posted by bananas
    ...but you must pay stamp duty from both parties.
    rubbish, each pays 50%

  9. #9

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    5,312

    There is no law on each party pays 50% of the stamp duty, however it is normally shared equally between both parties. Whilst the responsibility by law is jointly and severally by both parties as well.

    traineeinvestor likes this.

  10. #10

    Join Date
    Dec 2018
    Posts
    241

    Generally, you should not have to pay any fee on renewing a lease. None of the agents I have worked with charge for helping on renewals.

    MandM1 is correct. Responsibility for stamp duty is negotiable but (in my experience) is almost always shared equally.