Renewal of lease fee

[fernfurn]

Happy to pay weeks rent plus gst for a new tenent. but think $150 for renewal of an existing lease is a bit much. Cripes they only have to run off a new lease, put it in the mail and wait for return, couldnt take much more than an hour. Does anyone else think this is too steep?

 

[marg4000]

I suggest another PM.

I know things are different in different states, but we have never been charged lease renewal fees in Queensland.
Marg

 

[Ms Jade]

Check your contract of authority. It's habitual for PMs in Vic to try & put in re-leasing fees for existing tenants. I have always asked for the clause to be removed & never had a problem.

 

[K4K4M]

Would new renewal be for 12 months or less ?
What about month by month basis once the current lease expire,

I remember (when I was tenant) I did sign a 12 month lease and spent more than 2 years, REA never asked me to renew the lease.

Not sure who makes this decision to renew the lease, LL or RAE.


KK
____________________________
Trust your hopes, not your fears

 

[lura]

Renewal Lease Fees

Check your management agreement with your agent - if it is an REIQ PAMD20a - it will be under Shedule D - page 5 of your Appointment to Act.
All agents differ with what they offer/charge. If you are not happy - look for another agent.

There is more work involved in lease renewals than just printing off the actual lease - but many agents don't charge for this.

Just check your appointment and decide if you want to keep them on as your agents.

 

[Minxdamanx]

Check your contract of authority. It's habitual for PMs in Vic to try & put in re-leasing fees for existing tenants. I have always asked for the clause to be removed & never had a problem.

This fee turned up on my latest contract. I crossed it out and sent it back and it was initialled by the PM and returned - so all good. If you don't like it and can't get them to take it off the contract, as others have suggested - shop around. In WA, some do and some don't charge for renewal.