Renewals and 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 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 in clause 5.1.1 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 in clause 5 above.