COVID 19 rent reduction

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  • Section20z
    If you are paying a management percentage it will be calculated on the contracted rent so no.
    If you have simply paid a percentage finder fee then ditto. No.

    Leave a comment:

  • DPT57
    You don't have to agree a rent reduction. You could agree a deferral of part of the rent for a period and a repayment plan for clearing the arrears at an affordable rate.

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  • jpkeates
    There's no general answer to that.

    It depends what your agreement with the letting agent says and how you agree the rent reduction.

    Leave a comment:

  • Alacritas
    started a topic COVID 19 rent reduction

    COVID 19 rent reduction

    Hi all, if a tenant requests to have the rent reduced because of COVID 19, is the commission payable to the estate agents also adjusted since it is a percentage of the rent?

Latest Activity


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    by Lots on
    I have been a landlord, initially accidental (had to manage fathers properties when he became ill) then by choice. Only 2 properties, a student flat which is fully managed and a house which I inherited with tenants in situ and no letting agents, it was quite hands off but amicable. They have moved...
    06-07-2020, 21:46 PM
  • Reply to Newly refurbished house to let- fully managed or finder fee only?
    by Fire Risk Assessor
    My first BTL I mistakenly used an agent to manage. 10% a month Plus VAT for doing nothing, when there is anything wrong they phone me to sort it out, they have lost high security keys (£40) and denied it. Tenant stayed for 4 years. Just moved out as I have sold the flat. They even changed the electricity...
    13-07-2020, 21:32 PM
  • How to choose letting agent
    by LMK
    Hi. I am just getting ready to rent my property out for the first time.
    I am planning on getting a few letting agents around, seeing what they say, what they can offer (planning on going for the full management option), their prices etc.
    But is there anything in particular that I should...
    10-07-2020, 18:36 PM
  • Reply to How to choose letting agent
    by Beswick
    If I could go back in time, I'd advise 'the old me' to do swot up on all the regulatory stuff and do everything myself. These forums are a great place for info, as is the Moneysaving Expert website. Find the relevant tradesmen (personal recommendation is best) too.

    I've found that if...
    11-07-2020, 11:48 AM
  • Letting agent cease fee = 12 months fees.
    by lamblord
    Hi All,

    I became a landlord back in January 2019 when I moved in with my partner, and we rented out my property. I used a letting agency, as I didn't really have the time to invest in learning how to manage a property myself. The letting agent got 3 tenants in on 12 month agreement, that...
    08-07-2020, 15:15 PM
  • Reply to Letting agent cease fee = 12 months fees.
    by Lawcruncher
    Refer the agent to paragraph 5 of the list of terms which may be regarded as unfair set out in Schedule 2 to the Consumer Rights Act 2015:

    A term which has the object or effect of requiring that, where the consumer decides not to conclude or perform the contract, the consumer must pay the...
    11-07-2020, 10:11 AM
  • Reply to How to choose letting agent
    by jpucng62
    I would visit them and have a chat about their approach, charges etc. The monthly charge is important, as is how they charge for deposit protection (this can vary quite a lot). Ask about their approach to repairs etc and choose one which fits with what you want AND offers good value.

    10-07-2020, 22:20 PM
  • Reply to How to choose letting agent
    by Mrs Mug
    See the link below on how to select a letting agent.
    10-07-2020, 19:47 PM
  • Reply to Letting agent cease fee = 12 months fees.
    by Beswick
    Tell the letting agent that you feel the charge is, given the level of service you have received, excessive. Tell them you are happy to pay 3 months' fees and no more. See how they respond.

    If you're still not happy, try approaching the redress scheme the agent is a member of. They can...
    10-07-2020, 18:09 PM
  • Reply to Letting agent cease fee = 12 months fees.
    by DPT57
    Nothing attached.

    Such termination clauses are, however, pretty stanard in agency contracts.

    Bear in mind that if these are unrelated tenants, the property will be an HMO and the full HMO Management Regulations will apply.
    10-07-2020, 17:15 PM