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they asked for a rent reduction and threatened to call the council about lapses that were purely the responsibility of the management company . I reminded them that was why I fired the company, now they want to stay but I am not sure ??
Oh well if everything is now fixed, I might issue a s21 as a warning.
I guess you could afford a small reduction if you are now not paying management charges. However, you might want to check your contract with the agent to see if you still owe them yearly commission.
s21 how is that served as just a warning ? Yes I would be willing to consider a reduction and give them early termination with no penalty, we want to get the property up to standards again . Letting company was fired for several lapses and causes , the contract does not specifically state fees after termination . Thanks
I recently let go property managers because of several lapses and poor service to tenants etc .
What do I do with tenants until their lease expires?
Sincerely hope you got copies of ALL paperwork (tenancy, references, inventory, photos, deposit protection, proof of service of PI etc etc etc) first. If not agents are unlikely to be helpful now.
(Unless tenancy names landlord as agent - does it) the contract is between you & tenants: Carry on as normal, no reason for a rent reduction. In your shoes I would send a calm polite letter with proof you are owner (eg copy of land registry deeds) to tenants, apologise for previous bad management & ask for a meeting to chat about any issues, repairs etc, giving your contact details (address, email, 'phone, bank details etc..).
When meeting for 1st time in these circumstances I'd take a bottle of wine & some flowers, smile, be friendly & let them do most of the talking and then move on from there.
It may be agents have told them things which are not 100% true....
I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...
Something that came up in a discussion in our office today;
1) I understand the ASTs not signed in our office gives tenants 14 days to cancel their agreement. But what happens if the tenancy has already started?
2) What happens if some tenants sign in office and some sign out of office,...
The distance selling regulations (2000) do seem to apply to rental agreements - which is interesting.
It is possible to prevent the cancellation of an agreement once a service has started to be supplied, as long as that condition is confirmed in writing to a consumer before they sign the...
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...
Why not suggest that you will agree with the new fee structure once they have agreed that the tenant's rent will be increased by the corresponding amount and they've started paying it.
It's a general legal rule that applies to most service contracts.
There's an automatic cooling off period if the agreement is signed on the business premises or done over the phone or by post.
There are a number of exclusions and it doesn't apply to tenancies (as far as I know)....
I agree with what your saying, it would be silly to move just to get get a worse deal elsewhere and ultimately the agents will recoup their money somehow, if they cant raise it by increasing landlord fees then they'll increase introduction fees etc instead.
Are they a good agent in all other areas? If you would like to stay with them without the fees increase I would first try negotiating with them. They will not want to lose your business and if you go elsewhere you may get worse service & a fee increase too! As mentioned above, it seems likely that...
It increases the fee to 11%+VAT, as you said thats an increase of 22%, which makes me suspect that its more to do with the banning of fees rather than an increase in their running costs. Interestingly the letter also references the banning of fees coming into force and does suggest that i might like...
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