Letting Agent Questions

Topics	Statistics	Last Post
Letting/management agent increasing management fees by vpr1 Started by vpr1, 12-02-2019, 13:04 PM	12 responses 275 views 0 likes	Last Post by rlb999 18-03-2019, 17:18 PM
Letting agent owing rent to landlord by Emilycarter Started by Emilycarter, 12-03-2019, 09:19 AM	6 responses 63 views 0 likes	Last Post by Emilycarter 12-03-2019, 18:36 PM
letting agent withholding deposit and rent by turnbullk1 Started by turnbullk1, 23-10-2018, 17:41 PM	9 responses 196 views 0 likes	Last Post by theartfullodger 11-03-2019, 13:25 PM
Letting agent problems, cannot get in touch with them! by husarah Started by husarah, 28-02-2019, 17:49 PM	4 responses 87 views 0 likes	Last Post by jpkeates 09-03-2019, 10:20 AM
Cancellation fees for terminating agency agreement by SarahLC Started by SarahLC, 07-03-2019, 10:46 AM	2 responses 64 views 0 likes	Last Post by Jon66 09-03-2019, 01:57 AM
Letting agents and problem tenants by Niki88 Started by Niki88, 01-03-2019, 12:10 PM	1 response 90 views 0 likes	Last Post by jpkeates 03-03-2019, 09:42 AM
Managing agent recommendations - Aberdeen and Southampton by doobrey Started by doobrey, 09-12-2018, 15:28 PM	5 responses 134 views 0 likes	Last Post by theartfullodger 02-03-2019, 11:38 AM
Can door-knocking agent demand a fee? by EJM Started by EJM, 25-02-2019, 12:21 PM	5 responses 209 views 0 likes	Last Post by Hudson01 27-02-2019, 12:40 PM
Right to cancel query by CandM Started by CandM, 14-02-2019, 12:55 PM	5 responses 107 views 0 likes	Last Post by Kape65 23-02-2019, 21:12 PM
Letting agent renewal fees by shyammy Started by shyammy, 12-02-2019, 22:27 PM	2 responses 95 views 0 likes	Last Post by jrsteeve 12-02-2019, 23:57 PM

Letting/management agent increasing management fees

vpr1

Hi,

I have received a letter from my letting/management agent, saying that from the 1st of April they are going to increase there percentage by 2%+VAT. They are stating that the reason for this is that their costs have increased over the past years. I have been with them for aprox 18 months...
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12-02-2019, 13:04 PM
Reply to Letting/management agent increasing management fees

rlb999

If the mechanism for changing terms isn't defined in the contract I'd suggest a month notice in writing by either party might be considered reasonable by a court. Equally it wouldn't be considered reasonable for them to increase your terms, but for you to have to pay a penalty to leave.

...
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18-03-2019, 17:18 PM
Reply to Letting/management agent increasing management fees

Goobs27

As a firm we have simply notified landlords that things the tenant used to pay for such as references and check-outs will now need to be paid by them. It was never right to try to extract huge fees from tenants but unfortunately that is how some agents kept their fees to landlords so low. In my area...
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15-03-2019, 10:47 AM
Reply to Letting/management agent increasing management fees

johnboy

But if they are just recovering the lost income there is no extra benefit to them.

I dont think tenant fees were so common 20+ years ago but as they became more the norm and increased, some agents saw it as a angle to offer silly (low) landlord fees to get new landlords which drove down...
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12-03-2019, 21:48 PM
Reply to Letting/management agent increasing management fees

johnboy

For a lot of agents the income stream from tenants was taken into consideration to offer competitive rates. I have heard the drop in income is is the region of 10-30% for the ave agency. 2% increase appears to be the popular figure of increase due the tenant fee ban. I guess if the agent explains the...
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12-03-2019, 21:04 PM
Letting agent owing rent to landlord

Emilycarter

Hi

My letting agent owes around 3 months rent. I have emailed repeatedly and spoken to the agent who promises this will be paid. I have now made a formal complaint. Could I now ask the tenant to pay rent to myself? I assume this is a serious breach of contract and I could cancel our contract...
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12-03-2019, 09:19 AM
Reply to Letting agent owing rent to landlord

Emilycarter

Thank you very much for your advice.
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12-03-2019, 18:36 PM
Reply to Letting agent owing rent to landlord

theartfullodger

In that case I would instruct tenant to start paying you, direct, (assuming you are names as landlord on tenancy agreement...) and start formal complaint process with agent then, if not resolved, letting agent redress scheme.. see
https://england.shelter.org.uk/housi...ivate_renting/...
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12-03-2019, 18:14 PM
Reply to Letting agent owing rent to landlord

Emilycarter

Yes, all of above?
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12-03-2019, 12:37 PM
Reply to Letting agent owing rent to landlord

theartfullodger

Proof of deposit protection, pi service, ditto EPC, GSC, How to rent, right to rent checks etc etc
- Channel: Letting Agent Questions
12-03-2019, 12:09 PM

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