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Hi Skater, Yes, this is an SA thing. In SA, a fixed term lease is exactly that, a lease covering a fixed term. Some form of action needs to be taken at the end of the lease. Either a renewal of the fixed term lease (technically an extension but commonly referred to as a renewal) or a periodic...

Hi cheechee, I just want to clarify a couple of points in my comment above as I was a bit vague on a couple of things. When I said you don't have to renew the lease I was referring to the fixed term lease. You still need to do one of two things. Renew the fixed term lease or start a new...

The renewal fee is standard, the agreement preparation fee however, differs depending on your PM. We don't charge it as it is included in the renewal fee. You do not have to renew the lease. You can just let the fixed term lease expire and then it will automatically become a periodic lease...

You'll find that they will all be different. Most franchised REA's are free to set their own PM rates and policies.