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    engcanus's Avatar
    engcanus Posts: 6, Reputation: 1
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    #1

    Jan 5, 2011, 04:15 PM
    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?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 5, 2011, 06:19 PM

    What is the service that the reality company is going to provide ? Is the home for sale ? And having a lease makes it harder to sell ? Are they acting as the property management company
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Jan 5, 2011, 06:22 PM

    And you agreed to that? That means that you lose 1 months rent out of every year just for a renewal? Is that in additions to other fees? I would suggest you cancel the contract with that real Estate Company first.
    engcanus's Avatar
    engcanus Posts: 6, Reputation: 1
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    #4

    Jan 7, 2011, 08:55 AM
    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
    engcanus's Avatar
    engcanus Posts: 6, Reputation: 1
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    #5

    Jan 7, 2011, 08:56 AM
    They found the tenant for me. They play no further part.
    engcanus's Avatar
    engcanus Posts: 6, Reputation: 1
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    #6

    Jan 7, 2011, 08:58 AM
    Comment on Fr_Chuck's post
    They found the tenant for me and wrote the original lease. They play no further part
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #7

    Jan 7, 2011, 04:05 PM

    Please don't use the Comments feature for followups. Just use the Answer options. I would suggest consulting an attorney about how enforceable this clause is.
    engcanus's Avatar
    engcanus Posts: 6, Reputation: 1
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    #8

    Jan 9, 2011, 10:38 AM
    Is it possible to have a lease that is not considered to be a Renewal, but a New Lease between the same landlord and the same tenant for the same property?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #9

    Jan 9, 2011, 11:47 AM

    Any new lease between you and the same people on the same properly will be renewing a lease.

    I guess you write a new one, don't pay the real estate company and see if they come after you for the money.

    Eitehr that or find a new renter
    engcanus's Avatar
    engcanus Posts: 6, Reputation: 1
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    #10

    Jan 9, 2011, 05:47 PM
    Is going to a month by month equivalent to a renewal?

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