Letting Agent Questions

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Letting Agent sold his business! by Grafton Started by Grafton, 05-11-2020, 12:36 PM	11 responses 99 views 0 likes	Last Post by theartfullodger 25-11-2020, 17:36 PM
Tenant moved out after 6 months, letting agent says I owe them fees by Darrol Started by Darrol, 22-11-2020, 21:07 PM	7 responses 77 views 0 likes	Last Post by Jon66 23-11-2020, 19:19 PM
Rental Property under Management. Slow Repair by Another Fine Mess Started by Another Fine Mess, 23-11-2020, 11:57 AM	0 responses 21 views 0 likes	Last Post by Another Fine Mess 23-11-2020, 11:57 AM
Can I transfer to a new letting agent? by Heywood Lane Started by Heywood Lane, 16-11-2020, 14:20 PM	6 responses 106 views 0 likes	Last Post by theartfullodger 19-11-2020, 09:36 AM
managing agent not passing on rent - compensation due or not? by dusty2020 Started by dusty2020, 22-10-2020, 17:53 PM	17 responses 165 views 0 likes	Last Post by JamesLindsey 17-11-2020, 11:24 AM
Serving notice to a letting agent by AdinaP Started by AdinaP, 05-11-2020, 22:33 PM	7 responses 89 views 0 likes	Last Post by JamesLindsey 17-11-2020, 11:20 AM
High Street Agencies or Smaller Agencies? by HomeLord Started by HomeLord, 06-11-2020, 12:34 PM	9 responses 109 views 0 likes	Last Post by cuttingman 09-11-2020, 23:02 PM
How Do I Enforce Rent Payment by mrsdee Started by mrsdee, 09-11-2020, 18:48 PM	4 responses 69 views 0 likes	Last Post by mrsdee 09-11-2020, 22:43 PM
My post has vanished? by Lettingsfirst Started by Lettingsfirst, 08-11-2020, 20:51 PM	0 responses 25 views 0 likes	Last Post by Lettingsfirst 08-11-2020, 20:51 PM
Letting agent Served invalid Section 21 by Lynnyloo Started by Lynnyloo, 28-10-2020, 07:58 AM	12 responses 136 views 0 likes	Last Post by jpkeates 08-11-2020, 09:36 AM

Letting Agent sold his business!

by Grafton

Hi all, i'm a residential landlord and currently use a local letting agency that has around 6 branches. I recently received a letter from the MD saying that he's transferred all his shares of the business to another company . So in effect he's decided to sell up.
My question is, do i still need...
- Channel: Letting Agent Questions
05-11-2020, 12:36 PM
Reply to Letting Agent sold his business!

by theartfullodger

In writing?
- Channel: Letting Agent Questions
25-11-2020, 17:36 PM
Reply to Letting Agent sold his business!

by Grafton

Sorry to all for delay in replying.
I've spoken to my agent and struck a deal whereby if i'm not happy with the new takeover company after 3 months, I can leave with a months notice, as opposed to 6 months as stated in my original contract. We'll see!
- Channel: Letting Agent Questions
25-11-2020, 16:43 PM
Tenant moved out after 6 months, letting agent says I owe them fees

by Darrol

Hi all, I am new to this site, and have a question regarding letting agents. I would really value your input as I feel that I am being extorted by the very people I employed to help me! As stated in the topic, I have signed up to a 12 month management contract with an agent but the tenant moved out...
- Channel: Letting Agent Questions
22-11-2020, 21:07 PM
Reply to Tenant moved out after 6 months, letting agent says I owe them fees

by Jon66

You could also have a look at the Codes of Practice for Residencial Letting Agencies which is available on the TPO website members area. This is what TPO uses as a guide when adjudicating to assess fairness, and breaches of the code usually result in a positive outcome for the complainant.
- Channel: Letting Agent Questions
23-11-2020, 19:19 PM
Reply to Tenant moved out after 6 months, letting agent says I owe them fees

by Jon66

The agents were absolute fools to sign up a tenant on a 6 month fixed term when the agreement they have with you is for 12 months. Seems to me they were negligent in the process by doing so.

I would also ask the question why they didn't advise you that if you wanted a long term tenant...
- Channel: Letting Agent Questions
23-11-2020, 19:09 PM
Reply to Tenant moved out after 6 months, letting agent says I owe them fees

by Darrol

Thanks all,

to to ansewer your question DPT57, the 6 months minimum term was theirs, I didn't change that part of the contract.

My argument is that I have not terminated the agreement and I still do not wish to terminate it. The tenant has moved out but I do not wish to change...
- Channel: Letting Agent Questions
23-11-2020, 14:52 PM
Reply to Tenant moved out after 6 months, letting agent says I owe them fees

by DPT57

Whose idea was the 6 month tenancy? If you suggested it, that might alter things.
- Channel: Letting Agent Questions
23-11-2020, 12:49 PM
Rental Property under Management. Slow Repair

by Another Fine Mess

I have a property which is rented, When the Letting Agent did an inspection recently they noticed that the ceiling in a bedroom had water stains and was damp.
The property is under management and at the beginning they asked one of their "approved Contractors" to go and have a look at...
- Channel: Letting Agent Questions
23-11-2020, 11:57 AM
Reply to Tenant moved out after 6 months, letting agent says I owe them fees

by jpkeates

This is true, but there is a special area of law relating to agents and agency, which works against the agent in this case.

They have a duty to the landlord as their principle not to put their own interests first - and, in negotiating a 6 month agreement with the tenant against a 12 month...
- Channel: Letting Agent Questions
23-11-2020, 11:25 AM

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