Letting Fee if leaving mid contract

Hi I have a property manager dealing with a property in Tasmania.

They leased the property in January this year but I am switching PM's in a couple of days. I have been approximately 6 months with them but they have already charged the letting fee which according to the contract is 5% of annualised rent which is charged annually.

My question is because i am leaving 6 months in to the lease, am i eligible for a prorata credit back of the remaining 6 months or am i liable to still pay for the full year even though I am only with them 6 months?

I have asked them the question but i doubt i will be getting back a positive response. Please advise if i am eligible for a prorata back and if so and I do not get back a positive response, then what are my options of next steps.

 

No I don't think so, they already did the work involved.

 

i would assume that that the letting fee pays for the work in getting the tenant, setting up the lease etc, regardless of then how long you stay with them. i doubt you would get anything back.

 

I agree with Pat. Let fee is for securing a tenant for the property. You won't have to pay this again until and if your current tenants vacate

 

A letting fee is essentially a task based charge. If they're charging you post-fact across a year then they have still done the work and are essentially providing you credit terms (most PMs do this but on a vastly shorter time frame). If they let the property at the start of the year then you should be paying the whole letting fee.

 

Without the contract cannot be 100% but I agree with everyone who has contributed thus far.

The PM has done their job of letting the property and as such no credit would be provided to you.

The PM couldn't claim the PM fees for the months 6-12 if they were not the PM so if this is charged to you then have a claim for that component but not the letting fee.