Agent fee for rental renewal – Is it compulsory to pay?

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Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.

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Christina Teo
Christina Teo
3 years ago

Hi, can I do a lease renewal with my tenant by way of a simple email or letter stating the new lease period and that the terms and conditions shall be as per the current lease agreement? Is this legally binding?

Stacked Homes
3 years ago
Reply to  Christina Teo

It’s a private contract 2 parties. So long as both sign with their details, it is legally binding.

1 year ago

Hi, I am in the midst of signing the 1st renewal of a rental lease through my property agent and he wants me to sign a Agency Agreement at the same time stating that the next renewal (means the 2nd renewal 2 years later), his commission will be one month for a 24 months lease renewal.
Can I not sign on this clause?

Stacked Homes
1 year ago
Reply to  Yvonne

Hi Yvonne, yes, everything is negotiable, but these should have been stated clearly before working with the agent.

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