Renewals and Extensions: Where the tenancy is more than a year, our fee is 8% plus VAT of the total rental duration for any subsequent renewals or extensions. In the event that the landlord and tenant agree to a renewal or extension of the tenancy, a charge of £60 plus VAT will be made by us to each party for the preparation of the documents should the Landlord ask us to prepare the renewal documents. Renewal fee will be payable in respect of renewals, extensions and holdovers where the original tenant stay in occupation. Where there is more than one tenant involved, renewal fee will be payable in full where any or all of them remain in occupation.

• Renewal procedures:
• About ten weeks prior to the end of the tenancy, Coutts de Lisle will write to both the Tenant and the Landlord enquiring if they wish to renew/extend the existing tenancy.
• Should both parties express a wish to renew/extend the tenancy; Coutts de Lisle will negotiate such a tenancy.
• Once agreement has been reached between the two parties about the terms of the renewal/extension, Coutts de Lisle will prepare the renewal/extension documents and send them for signature by both parties, unless the Landlord has opted to prepare the renewal documents himself.
• Should Coutts de Lisle not be collecting rent, the first two months rent for the renewal/extension period will be paid to Coutts de Lisle. We will deduct our renewal fee from these two months rent and pay the outstanding amount of rent to the Landlord.
• Should the Landlord not reply to Coutts de Lisle’s letter  above and our subsequent attempt to contact the Landlord and negotiate a renewal/extension, or should the landlord choose to negotiate the renewal personally despite our attempt to do so, then the Landlord is liable for the renewal fee as stated above.