Originally Posted by slimtim
Neil, not sure about renewal. Could I not just renew with the tenant myself? The agent is redundant after the initial search and checks surely?
If the agent has found you the tenant, then they will make a charge to renew that tenant - despite the fact that they have done nothing. In my case, I did not check the wording or consider this point closely enough and, at renewal, I'm paying over £5k in commission for Hamptons to do absolutely nothing except sit back. My fault for not dealing with this at the outset. Levels of commission should, by rights, reflect the amount of work done - this is not the case in tenancy renewals.
It is worth remembering that the tenant is 'their' tenant and so they will make a charge. You just need to make sure you've got this base covered at the beginning.