Letting Agent Management Contract

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    Letting Agent Management Contract

    Hi, I am new to this site. I am a private landlord with a small portfolio of properties. I am looking to give my letting agent one month notice with a view to self managing my properties. I paid tenant find fees to the Letting Agent for each property, I have paid my monthly management fees, I am happy to serve my notice, and today I learn that in addition to all of this I have to pay them 6 months management fees per house as the tenants that they found for me (that I have already paid them for) are remaining in the properties. This information is buried in the small print, as they have showed me their copy of the management contract that I signed when the tenant was initially found. ( I had to look at their office copy as I was never issued with my own copy of this agreement). Does anyone have any experience of this?

    #2
    I'm not sure they can charge you for managing property for 6 months whe they won't be doing so! If you are required to give 1 months notice of termination of the agency contract then they can't hold you to any further liability thereafter. This should have been posted in the Letting agents Questions by the way.
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

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      #3
      Thanks for your reply, I have been trying to move this thread, but don't know how.

      I only read the section about the charge involved in giving them notice when I visited their offices yesterday, I had signed the original management contract which included this clause in the small print but was never been given copy of it. When I asked them to e-mail me a copy of the management contract last week, they sent an old management contract apparently, which did not include the 6 month management fees clause. Only I have signed the contract, and not my husband who is joint owner. If I have to pay I'll have to pay, do you think it's worth appointing a solicitor?

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        #4
        No don't involve a solicitor, it's unnecessary. Just let the agent bluster, because they are unlikely to take you to court as there are too many flaws in their admin, and they are trying to bluff their way into your paying. If you were not furnished with a copy of the Terms if Business then you can hardly be expected to abide by them. Anyway the copy they sent you doesn't mention 6 months fees does it? So there you are then.

        P.S. You can't move the thread, only the Moderator can do that, which he probably will in due course.
        The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

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          #5
          Thanks for your advice. I have e-mailed the letting agent asking for fees be waived as I was not issued with a copy of the agreement, and the one they sent me has no mention of it. Fingers crossed!!! Thanks Paul

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