Increase of letting agent fees and new contract to landlords

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    Increase of letting agent fees and new contract to landlords

    Hello, I am a landlord and my letting agent has given me a new Letting Management Agreement with new rental conditions and an increase in their fees.
    I received the notification by email by the middle of January indicating that the new fees would be in place from the beginning of February. Although I think I will sign the new agreement I believe they should give me more than 2 weeks notice to increase their fees. Is that correct? If so, how long is the correct notice for this and how should I proceed? They are asking me to send them the contract a.s.a.p. in order to update their files and start charging the new fees straightaway before they deposit the rental money in my account on the 15th of this month..... Thank you very much.

    #2
    What does your existing (old) agreement say, if anything, about changes of terms to the agreement?

    If nothing I can't see why you can't equally send them a new agreement with new conditions (favouring you) and a decrease in fees.
    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 for your reply.
      About the agreement I can sign it or not as it is a different one and obviously they are cancelling the previous one with this including new conditions and the increase in fees. The problem I have is that I understand that normally at least one month's, sometimes two months, notice is required in order to cancel or change the conditions of an agreement eg if a landlord wants to increase the tenants rental price
      My question is if this is also applicable to the agreements between letting agents and landlords. I believe they want to charge the increase in fees before they are entitled to do it
      Thanks

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        #4
        What does existing (old) agreement say about rights of anyone to cancel and, if agent has the right to cancel, does it say you have to accept new terms offered?? (If it did I'd be surprised if that were enforceable)
        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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          #5
          They can't do this at all,

          a) unless your existing agreement says they have a right to amend the terms of the agreement and that you do not
          b) I doubt the above would be considered a fair or legally binding clause

          This is with the same tenant - correct?

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