Hi,

My lease agreement with tenant is for 2 years and I have also paid 2 months of rental (agent fee) to agent as its a 2 years lease. If my tenant intended to terminate the lease early, let's say a year, should the agent refund one month of agent fee back? If tenant notified 2 months before termination, should I refund the deposit?

Thanks.

no, agent gets the commission in advance. whatever happens thereafter is non their business. unless ur lease agreement has addition clause stated ur above question.

Got it! Thanks

Refundable of rental deposits are subject to the terms in the Tenancy Agreement.

In most TA, the deposits are refundable upon tenant completing the agreement. If the tenant decides to an early termination with/without notice, the deposits will be forfeited.

Alternatively, the landlord, out of goodwill refund the deposit, subject to deduction for any damages to the property and full settlement of all utilities payments.

As for the agency fees, the maximum fees payable for letting is 1.25 month's rental or minimum of 1 month's rental for tenancy up to 3 years.

This post has been edited by mini orchard: Apr 20 2020, 09:56 AM