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?
What do I do with tenants until their lease expires?
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Get them to pay the rent direct to you? -
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 ??Comment
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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.Comment
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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 . ThanksComment
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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.Originally posted by aoe View Post
(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...Comment
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An interesting article appeared in today’s mortgage trade press, the result of which demonstrates that Councils are now going after rogue Landlords and in my honest opinion not before time.
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A landlord has been hit with record financial penalties after he was found...18-09-2019, 13:25 PM -
Reply to London Landlord Fined record amountIt is my fervent hope that those individuals involved along with other rogue landlords are noted by those lenders with whom the have obtained finance and to register such material facts on theHunter System, this would be one major way of stopping such persons from participating in property investment...21-09-2019, 07:30 AM
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Reply to London Landlord Fined record amountIt appears that this is not the first time Farook Owadally has been fined
Just googled him and the following came up
https://www.standard.co.uk/news/lond...-a3330926.html
In 2016 he along...21-09-2019, 07:14 AM -
Dear All,
I'll be brief. The estate agent found tenants under a tenant finder only service - no rent collection etc. I stated I wanted at least a stated minimum rent and that the property would be unfurnished. They came back with a rent under my stated minimum and that tenants wanted it...10-09-2019, 21:18 PM -
"Personally, I'd tell them you require them to transfer the deposit to you (assuming that was going to be the arrangment), you'll pay the commission for the one year, and everyone call it quits there else you'll sue them for the deposit and commensation for breach of fiduciary duty."
...11-09-2019, 09:58 AM -
Dear All,
Thank you for your advice and messages.
Yes, I have a gas safety certificate. I live a few moments from Grenfell, I'd never put my tenants in harm's way intentionally. And yes, if I get nothing from the estate agent's by way of deposit, I'll protect it myself within...11-09-2019, 09:54 AM -
Agent charging by length of tenancy for tenant-find only?
Round my way it is a fixed charge: they find; tenant signs; I take tenant away and have no further contact.10-09-2019, 23:39 PM -
It wouldn't matter whether you signed it or not if the agent did on your behalf (whether with your permission or not), you would probably had been bound by it in relation to the tenant. However, since the tenant have signed a new one with you, at least you don't have to worry about that from a landlord...10-09-2019, 22:30 PM
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That doesn't tell you much. That just describe how deposit work, it can (only) be deducted with the consent of the tenant.
You probably do need to pay some commission, since they did find the tenant. OTOH, they completely ignored your instructions which they are required as agent to act...10-09-2019, 22:27 PM -
Ah, ok.
I didn't sign their incorrect tenancy agreement and the one I sent them for the tenants to sign (I hadn't signed yet) they have not returned to me. So for all they know their is no current tenancy agreement.
It's a mess and crappy estate agents. I don't want to pay...10-09-2019, 22:17 PM
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