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Statutory Periodic Tenancy

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Author Topic: Statutory Periodic Tenancy  (Read 80 times)
Posts: 6

I like property

« on: October 02, 2021, 02:39:29 PM »

At the end of the 12 month Tenancy Agreement I agreed with the tenants to allow the agreement to continue on the basis os a Statutory Periodic Tenancy.  The agreement with the agents was to find tenants and provide a 12 month Short Term Tenancy.  I have now received an invoice in excess of 1K from them for "Introduction Fee charged at 6% for 2nd year of renewal".  I have informed the agent they have not provided such an agreement and rejected the invoice.  Can someone  advise if what I have done is correct and this is a phishing expedition on the part of the agents?  Thank you.
Global Moderator
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Abuse Officer

« Reply #1 on: October 02, 2021, 04:02:41 PM »

There, clearly, was no "renewal" so, at the very least, their paperwork is not exactly in order.

But I'd be re-reading the Terms of Business that I'd signed with the Agent at the outset, nevertheless.

P.S. "phishing" and "fishing" are different things... this one is a suspected "fishing expedition".
« Last Edit: October 02, 2021, 04:06:04 PM by Hippogriff »
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Posts: 655

I like property

« Reply #2 on: October 03, 2021, 08:56:15 AM »

Regardless of the fact that they called it an "introduction fee" and "renewal", did you agree to pay the agent basically 6% of tenant's rent for as long as the tenant's a tenant?

Even if you did, you're not going to pay a year up front since SPT the tenant can leave with a month's to 2 notice, but you may have to account for it to the agent afterward.

Otherwise, nope, "bye bye agent, never doing business with you again".
Accidental Landlord
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Posts: 99

Just trying my best

« Reply #3 on: October 03, 2021, 12:26:13 PM »

It sounds like a tenant find only service from your point of view (I use this and pay a fee usually one months rent) but their charges appear to be a more of management charge where they do charge for a 'renewal'  even though it's not. Check over your agreement with the agent.
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