Advice much appreciated.....
The contract my tenants signed was for a fixed 12 month period with no break clause. We have agreed independently that they are happy to go onto a periodic tenancy/rolling contract as it suits both parties. We manage the property.
The letting agent collects the rent as they did not offer a finders fee only option. I now wish to de-instruct them but have been told that I will incur extremely high 'renewal fees' even if they do nothing - no admin/paperwork and no longer collect the rent. They have said that if I keep the tenants I have to pay an ongoing ren