Lease renewal fee applicable even for a new lease?
I am a landlord and I don't like the current lease which is about to expire. I want to write a new lease that will be better for the tenant and me (tennant is in agreement). However, the existing agreement states that I will need to pay one month rent as commission to the Real Estate company if the lease is renewed. Is writing a new lease or staying on month to month considered as renewing the lease?
Comment on ScottGem's post
I didn't fully understanding it. Real estate agent said that the only fee was one month's rent. Later we saw in the lease that the agent included 1 month's rent for every renewal. I want ro know what constitutes a new policy rather than a renewal
Comment on Fr_Chuck's post
They found the tenant for me and wrote the original lease. They play no further part