Rent Referal and Advice

Hi,

My IP is currently back on the market for lease through an agent.

If I find a possible tenant and I refer them and that person becomes the tenant, do they have to weiver any fees for me associated with setting up the new tenant etc.?

I heard this somewhere a long time ago but no idea where.

Thanks!

If you have signed an exclusive agent letting/management agreement then it is just that, the agent pockets the fee regardless of who finds a tenant ( you may have to pay another agent the fee as well if they find one before the exclusive agent did). This is the most common type of residential agent agreement.

If the agent does not have exclusivity eg does not manage the property and the exclusivity period has expired then the fee would not be payable.