I will answer the question from Owners point of view. An owner has to rent his flat for this life time. Its his source of earning. Its easy to rent new property but as the age of property increases real efforts starts there. Owners required brokers to rent his property. Renting is time consuming process. When broker brings a tenant then there is a mutual agreement. If i break the mutual agreement and start renewing agreement on own then no brokers will help further to find tenants. That's a huge loss for me. Tenants come and go. Do any tenants keep in touch to owner after they move out of flat. The answer is no. So why i should risk my earning.
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Hey pal,
From what I know the payment of brokerage on rental agreement renewal depends on the terms and conditions agreed upon by the landlord, tenant and the broker. If the renewal agreement was negotiated and facilitated by a broker, then it is typical to pay a brokerage fee. However, if the renewal is done directly between the landlord and the tenant, without involving a broker, then it is not necessary to pay brokerage fee again.
I would advise you to check out NoBroker to find rental properties without involving a broker.
Check out properties for rent listed by owners directly on NoBroker Get online rent agreement drafted in minutes with NoBroker Rent Agreement services
Read more:
Are there any regulations for brokerages on property deal?
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Is brokerage to be paid on rental agreement renewal?
Nancy Srivastava
3513 Views
2
2 Year
2023-05-02T10:26:00+00:00 2023-05-17T15:43:02+00:00Comment
Share