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tenancy renewal fee advice needed!. HELP I SIGN TOMORROW!

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  • tenancy renewal fee advice needed!. HELP I SIGN TOMORROW!

    Hiya!

    well i move in monday and the lettings agent sent me the contract and i noticed the tenancy renewal fee.
    which he didnt tell me about when he offered me the house. it states £200 a year for the renewal!. bit extreme for a piece of paper! my current landlord doesnt charge this fee!
    i havent signed anything yet he said he will reduce it to £150!
    HELP WHERE DO I STAND?? he wants us to sign tomorrow to move in monday!
    also im paying advance rent payment for 2 months- does this mean my next rental payment is due september?? as i am working out my finances.
    thanks everyone.
    p.s no garantor .i passed all credit checks.
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