So I have a BTL property. The same tennants have been in there for 2 years, and are coming up for a 3rd renewal. The agents are demanding their 10%+VAT up front again if the tennants renew despite doing absolutely nothing after finding the tennants in the 1st place.
The contract stipulates that if the current tennants stay in place, or return to the property within 18 months, then I will have to pay the agents fees again.
Is there anything to stop me renting the property to MyCo and then subletting to the tennants? 10%+VAT is obviously nearly 2 months rent!
The contract stipulates that if the current tennants stay in place, or return to the property within 18 months, then I will have to pay the agents fees again.
Is there anything to stop me renting the property to MyCo and then subletting to the tennants? 10%+VAT is obviously nearly 2 months rent!
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