Estate agent no longer required

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    Estate agent no longer required

    I purchased the propety 10 months ago with an exsisting tenant and existing estate agent managing the property,
    When I purchased the property the estate agent aranged a new 1 year AST, for me and the tennant. there was no agreement between me and the estate agent, the only charges by the estate agent are each month when the rent is paid.

    I want to manage the property by myself with no agent.
    The estate agent found the existing tennent for the preivios propery owner.
    The tennant is happy to stay at the property.

    I no longer require the estate agent and will notify them ASAP
    Can you see any problems i may have with the estate agent ?
    Can you advise on my next steps to notify the estate agent ?

    #2
    1st ask letting agent, calmly & politely, for a copy of whatever terms & conditions they consider you agreed to & how/when/where you agreed to them.

    Would be V|ERY surprised if there wasn't something (email, signature, whatever..) where the agent didn't ensure you were tied up into his terms....

    Hey, 3 spellings of tenant!
    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...

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      #3
      Thanks I will write a letter to the estate agent or would email corespondance be sufficiant ? ( cant find a spell checker here).
      Will I need to do a new AST contract if so where's best to aquire one
      thanks again.

      Comment


        #4
        CBJ - I'm not having a go, trust me - but your post re. spelling made me guffaw out loud on this murky Sunday afternoon. Please don't be tempted to end up writing any of the documentation you need yourself.

        In all seriousness - I applaud your desire to get shot of the Agent - but please do some proper research before going off half-cocked. You seem to know that you don't want the Agent, but aren't sure if you need an AST and, if you do, where you might acquire one. These are the very basics, so please do a bit of reading-up and don't act rashly. In terms of AST, I looked at numerous examples, then wrote my own (specific to each property) that uses a very clear sectioned layout, avoids as many obvious unfair terms and conditions as possible and strives to always use clear English. I think this is a useful exercise as I know exactly what is in my AST and I won't be surprised by things later. And do not - I repeat - do not forget about deposit protection.

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          #5
          (Unless you've got some weird deal with your agent - eg guaranteed rent scheme/scam..) then the AST always was between you & tenant. Agent is just that - your agent.

          You do not need new paperwork (except maybe deposit). Do you have copies of everything - last, inventory, references, photos, deposit stuff?
          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


            #6
            It would be good to know if CBJ has ever seen the current AST.

            Comment


              #7
              Yes I have a copy of the AST contract between the tenant T and me L. this is a new AST done 10 months ago.
              It says that T agrees to : should the tenancy continue then T will pay a continuation charge of £50 to the estate agent, payable when the contract is renewed.
              Several times in the contract there is mention of the estate agent by there name, eg access rights.
              It says that I agree to pay 1.5% if i sell the property to T.
              I dont intend to sell.
              There is nothing in the contract that binds L to the Agent. The only money i have paid to the agent is each month deducted from the rent.
              I have full details of the deposit holder. I have no inventry, photos or references for T. I do have a list of items from my solicitor when I purchased the property.
              there is no agreement with L and agent, just a telephone conversation to be my agent.
              Can you advise do i need a new AST? and have you any more thoughts on contacting the agent ?
              thanks again.

              Comment


                #8
                a) You do not need a new AST: You have one.

                b) Sigh! The terms agreed (if there are any..) between you & agent will not be in the AST. They will likely be in an email or letter sent to you when you first got involved with them.

                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


                  #9
                  If the current AST has numerous mentions of the Letting Agent, by name, in it - for various reasons, then I would want to have a new AST, for sure. I would not want some legacy AST, anyway, I would want to ensure the one I had was suitable for my purposes.

                  Comment


                    #10
                    Thanks for your advice, I did not mention that i intend to put up the rent, The rent paid is under market value by £60 per month, I intend to increase the rent by £30 not £60 as I have a very good tenant.
                    please any advice?

                    Comment

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