Falling Rent Rates - want to get rid of agent - can I?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Falling Rent Rates - want to get rid of agent - can I?

    I have a tenant on benefits whose rent has dropped 40% due to the new changes in LHA rates.

    Now I want to keep the tenant, but stop paying the agency 10% as they have not been able to keep the rent at the original rate on the AST.

    Do you think I can use this huge rental rate drop as a good enough reason to leave my contract with them?

    I don't want to pay any more fees to them as they are not a great firm anyway, and wondered if they would have a case if they tried to take me to court.

    Many thanks for any help here....

    #2
    Your rent hasn't dropped. The support the tenant is getting has fallen.

    Why is the agent at fault in this scenario exactly? Not sure I understand.
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.

    That also means I cannot share in any profits from any decisions made!

    Comment


      #3
      Your argument is with the government - specifically Dave Cameron, Pickles & Irritable Duncan Syndrome - for reducing HB/LHA rates: Their excuse is that the country is in a bad way, benefit spending way-too high & benefit rates need reducing, thereby getting at vulnerable landlords. The agent has little - if anything - to do with this.

      Sunday Times had a article about someone getting HB/LHA who's rates had been reduced and had ended up moving from Belgravia to the outer suburbs now asking to be moved back to her luxury pad in Belgravia: The bonkers Daily Mail has nicked the story this morning...
      http://www.dailymail.co.uk/news/arti...LION-home.html

      ‘Get me back to Belgravia’: Mother of six demands she is rehoused in exclusive suburb after a cap on housing benefit forced her out of £2MILLION home

      Stephanie Demouh was entitled to housing benefit because she was registered as a single mother
      She lived in a four bedroom house in Belgravia, near Sloane Square, for about three years
      Government housing cap resulted in Westminster Council moving family
      Demouh says she needs to live in the exclusive area so her children can get to school
      Westminster City Council says it will now investigate the case
      Your TENANT (not agent, TENANT) still owes you the contracted rental amount... ask him what he's going to do about it/.... (or ask agent to ask him...)

      Cheers!
      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


        #4
        Many thanks for your replies - i understand what you are saying. Yes the tenant is responsible, but the agency (a 'specialist' LHA outfit) bought the tenant in via a council contract in Hammersmith and so has much more involvement in the process than a normal agent would/has.

        The idea of the tenant paying any arrears is a just a joke.

        What I want to do is leave the agents as they are not very efficient, and use the rent drop as a good reason for doing so.

        Comment


          #5
          You can dispense with the services of your agent at any time you want, you just have to abide by the terms and conditions laid out in your agency agreement.

          Comment


            #6
            A 'specialist lha' agent - really?. They won't have any more input into the governments decision on lha rates than my old mum would so its ridiculous to try to blame them for it and trying to use it as an excuse to split from them is even more ridiculous. As Mrs Mug say, look at your agency agreement
            My advice is not based on formal legal training but experience gained in 20+ years in the letting industry.

            Comment

            Latest Activity

            Collapse

            • Reply to estate agent new lettings delays
              by Plithenewark
              thanks, I am certainly favouring this approach. But any idea why they are messing around in this fashion? I suspect we will be charged for referencing....
              15-05-2022, 16:50 PM
            • Reply to estate agent new lettings delays
              by AndrewDod
              Remove your instructions now (hopefully nil to pay) - and don't choose any tenants already passed on. You need to know the name of every tenant that contacted them to avoid a problem. Ask them to disclose that (if they refuse you are absolved if you happen to get the same tenant so make sure it is ...
              14-05-2022, 21:34 PM
            • estate agent new lettings delays
              by Plithenewark
              I have recently advertised a property for let using a local independent estate agent. This will be the first time I have let a property, given a lack of any rentals in the area, the agents were keen and advertised said property at beginning of a week for multiple viewings together at the the end of...
              14-05-2022, 17:16 PM
            • Reply to estate agent new lettings delays
              by ash72
              Not answering your queries does sound unprofessional, on the other hand if they are still awaiting the T's to complete the credit and reference checks this could be the hold up. I would probably give the agent and the T's one additional week, otherwise you are terminating any agreement.
              14-05-2022, 20:14 PM
            • Reply to estate agent new lettings delays
              by JK0
              I think you need to give notice to the existing firm. If you engage someone else before your sole agency runs out, you'll have two lots of commission to pay.
              14-05-2022, 19:09 PM
            • Confusion with Letting Agreements vs Tenancy Agreements
              by abimsalabim
              If the Letting Agreement between a Landlord and their Letting Agent and the Tenancy Agreement between the Landlord, their Tenant and their Letting Agent have conflicting clauses which of them is right?

              For example, if the Letting Agreement states that the inventory checks will cost £100...
              21-04-2022, 11:11 AM
            • Reply to Confusion with Letting Agreements vs Tenancy Agreements
              by abimsalabim
              Thanks for all the help and advice with this. I've opted to get my own inventory check done instead of going with that of the Letting Agency and they agreed to it.
              13-05-2022, 17:35 PM
            • Agent Advice in Essex
              by Donchik
              Dear all,
              Does anyone recommend any review sites for letting agents that are based on the satisfaction of the Landlords, rather than the tenants?
              If not would anyone with experience of dealing with agents in Essex have any recommendations/advice?
              Cheers
              06-05-2022, 09:35 AM
            • Follow on Letting Agreement
              by thefirz
              I have a great tenant and the previous Agreement has expired. I have instructed the Agent to draft a follow on Agreement (for a defined fee) but with the rent collection service removed.

              During the life of the last Agreement the Agent revised its T&Cs from those I signed up to. These...
              30-04-2022, 09:07 AM
            • Reply to Follow on Letting Agreement
              by ash72
              Either replace the agent if you live far away from the property, or self manage and cut out any agent.
              30-04-2022, 11:55 AM
            Working...
            X