Every tenancy agreement made between a tenant and a landlord has an expiry date. An real estate negotiator can either conduct a rent review and earn a small commission from the landlord or to relocate the tenant elsewhere for higher commission. This seems like a “sure-win” scenario for realtors but surprisingly many negotiators do not practice their rights and leave the tenancy expiry date unattended.
The three main reasons for this weird behavior are as follows.
- Realtors are disorganized and simply forget the tenancy expiry date.
- The real estate agency company is disorganized and not knowing such tenancy expiry dates exist.
- The negotiator lost their copy of tenancy agreements not knowing the earlier terms.
Many realtors are now using Listingmine to manage their tenancy expiry dates and to store their tenancy agreement in PDF format so they do not lose their potential income anymore.
