Am I entitled to a renewal fee for old owners tenants?
I am managing and leasing offices for a new owner and the previous owners tenants are starting to renew the leases with me that they signed with the old owner.  Am I entitled to a renewal fee? They are not my tenants but they arent the owners either technically. I dont want to take advantage of anyone but I would like what I am entitled to. I do have an agreement in place for renewals.
[{"id": "huht6eh", "text": "Really depends on your contract with the new owner. I\u2019ve been in situations where the old owner did not want to pay but we met half way between what a normal commission to me would be and 0. Typically my stance is that you brought me in to handle the building, I\u2019m going to give everyone the same effort I would courting a new tenant. Some renewals/ extensions are layups some aren\u2019t but as long as the rapport with ownership is good I think there\u2019s room to discuss here.", "replies": [{"id": "huhy2wi", "text": "Agree with this. It\u2019s common for us but you need to talk about it and set expectations with the owner or hopefully it was in your contract", "replies": [], "depth": 2}], "depth": 1}, {"id": "huhx6sb", "text": "You are now the agent on the building and these renewals are new transactions. I think you should be entitled to some sort of override.", "replies": [{"id": "hui1vf8", "text": "If you have to work on it you should have something in writing about compensation.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hui3s6a", "text": "Maybe you're entitled to something for negotiating the renewal, etc ... but definitely not a full fee, or anything close to that IMO.", "replies": [], "depth": 1}, {"id": "hui4cz7", "text": "So just to clarify in my agreement a renewal is half my regular fee. In reality i am more concerned tht the tennat stays so i get my management fee.", "replies": [], "depth": 1}, {"id": "hui7jvn", "text": "You should get the renewal fee.", "replies": [], "depth": 1}, {"id": "huilweg", "text": "What does your contract say?", "replies": [], "depth": 1}, {"id": "huim6uo", "text": "My contract says i get renewal fee for 2 renewals. No mention weather they have to be my tenant or not.", "replies": [], "depth": 1}, {"id": "huiu9he", "text": "So when I acquire tenants in place and sign a broker for management, renewals and new leases: I would expect to pay the agreed renewal fee. I don't care if it is \"your\" tenant, I signed up for you to renew the building's tenants. You want your PM fee, they want the building full. My 2c", "replies": [], "depth": 1}, {"id": "huivdel", "text": "What do you guys charge for renewals? I charge half a fee for 2 renewals after that they are off the hook. Am being too generous? I dont really do much leasing.", "replies": [], "depth": 1}]