Hi there , in light of Covid 19 we have dropped our rent at our rental property by around 30% for three months . Our real estate agent obliged but they did not drop their management fees . We pay around 7%. After the rent was dropped they still charged us the same amount as they were before . We asked them about it and they claimed the tenants were getting a ' rent credit ' and not a drop in rent . Is this correct ?
Thanks for any help
Thanks for any help