Letting Agent Questions

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Any way out of Landlord renewal fees? by ringzer Started by ringzer, 21-01-2020, 23:32 PM	2 responses 51 views 0 likes	Last Post by ringzer 22-01-2020, 13:00 PM
Rent Guarantee Issues by silverspire Started by silverspire, 18-01-2020, 12:07 PM	5 responses 33 views 0 likes	Last Post by theartfullodger 21-01-2020, 14:43 PM
Renegotiate Rate with LA by Lokolo Started by Lokolo, 20-01-2020, 11:56 AM	7 responses 52 views 0 likes	Last Post by jpkeates 21-01-2020, 11:29 AM
Tenancy agreement, terms and conditions by Forfoxsake Started by Forfoxsake, 19-01-2020, 02:31 AM	4 responses 31 views 0 likes	Last Post by jpkeates 19-01-2020, 10:33 AM
Terminating Management / Letting Agent by Sgs1 Started by Sgs1, 15-01-2020, 09:39 AM	9 responses 108 views 0 likes	Last Post by jpkeates 19-01-2020, 10:31 AM
Letting Agent sold/taken over - am I free to terminate contract with agent? by 1gvlandlord Started by 1gvlandlord, 15-01-2020, 16:05 PM	11 responses 70 views 0 likes	Last Post by 1gvlandlord 17-01-2020, 09:59 AM
Double Council Tax by Alex F Started by Alex F, 16-01-2020, 11:47 AM	4 responses 48 views 0 likes	Last Post by AndrewDod 16-01-2020, 20:20 PM
Legal help with rogue letting agent by ricoeliso Started by ricoeliso, 12-01-2020, 09:13 AM	2 responses 42 views 0 likes	Last Post by jpkeates 16-01-2020, 11:11 AM
Letting Agent Has Let Out My Flat Without My Agreement by SCEskimo Started by SCEskimo, 14-01-2020, 21:45 PM	0 responses 28 views 0 likes	Last Post by SCEskimo 14-01-2020, 21:45 PM
Agent demanding 7% of rent pa even though I cancelled the agreement after 1 year by LizTownHomes Started by LizTownHomes, 12-01-2020, 20:39 PM	4 responses 80 views 0 likes	Last Post by jpkeates 14-01-2020, 10:02 AM

Any way out of Landlord renewal fees?

by ringzer

Hi,

I have been renting a 1 bedroom property in London for the last 14 years which has been pretty successful. For the first number of years I rented it myself (I had one guy in there for 5 years whch was great) but in the last 4-5 years I have been using agents. When using an agent the...
- Channel: Letting Agent Questions
21-01-2020, 23:32 PM
Reply to Any way out of Landlord renewal fees?

by ringzer

Thanks for your reply. I will upload the terms again tonight but they seem pretty comprehensive to me.

Option c is about the only avenue open to me if I renew though the agent. i.e. they should at least do something for their fee and would be able to comment on the fair market rent. ...
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22-01-2020, 13:00 PM
Reply to Any way out of Landlord renewal fees?

by leaseholder64

The images are two small to be able to read more than a small part.

If option (c) exists, your rents are below market price....
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22-01-2020, 09:58 AM
Reply to Rent Guarantee Issues

by theartfullodger

OK So you are landlord in the agreement with the agent who is your tenant..... Please confirm agreement names you as landlord & agent as tenant.

Then the agent, as landlord, sublets to his tenants, the occupants.

You have no relationship or contract with the occupants:...
- Channel: Letting Agent Questions
21-01-2020, 14:43 PM
Rent Guarantee Issues

by silverspire

Another potential Agent nightmare. I have a rent gaurantee(yes stupid decision) for last couple of years.

my contract is with agent who then sublets to his tenant.

found that agent was not managing property and using contractors that were not qualified and therefore potentially...
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18-01-2020, 12:07 PM
Reply to Rent Guarantee Issues

by silverspire

i meant there was nothing in the contract that was contentious.

my plan is to attend property on 24th, if tenant is there then inform them that the contract is terminated with agent, if they wish to stay then we can renew seperately. if they refuse then i initiate legal action to remove...
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21-01-2020, 14:19 PM
Reply to Renegotiate Rate with LA

by jpkeates

Well, an infinite contract is likely to be unenforceable, because in order for you to enter into a binding contract you have to know what you're committing to, and, from the sound of it, that's impossible,

If those are the three levels of service, you can switch between them, but not to...
- Channel: Letting Agent Questions
21-01-2020, 11:29 AM
Renegotiate Rate with LA

by Lokolo

Hi,

I purchased my first BTL property just over 12 months ago and it has been let for 11 months. I currently pay the letting agent 10%+VAT for rent collection only. The tenant is happy in the property but doesn't want to pay a fee for another fixed term - and neither do I, so we've agreed...
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20-01-2020, 11:56 AM
Reply to Renegotiate Rate with LA

by Lokolo

The text is verbatim. Nothing else in the contact about cancelling. Should have been something I brought up before signing.

The minimum fee isn't even stated in the contract. And the 3 levels of stated service; tenant find, rent collection, full management.

When the current...
- Channel: Letting Agent Questions
21-01-2020, 10:55 AM
Reply to Renegotiate Rate with LA

by jpkeates

Is the final sentence you quoted part of the same clause as the first two sentences?

Depends what "on the basis that our minimum fee has been met" and "level of service" means.

Presumably, the answer lies elsewhere in the contract....
- Channel: Letting Agent Questions
20-01-2020, 16:23 PM

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