Leaving my letting agents as a landlord .

[decoration720]

Leaving my letting agents after 6 years I will now handle everthing letting .Question with the 5 tenants original contracts all now lapsed and rolling will I need to give them new contracts on leaving the letting Agent who worked on my behalf . My thought is if the tenants are happy with the present rolling contracts they can continue as the letting Agent was working for me and the original contracts that I have copies of remain the same, also they were charged to me the Landlord. Nothing has changed other than monthly payments will now come to my account by dirrect debit.. Any thoughts on this please.

[jpkeates]

There's no reason to change the agreements unless there's wording in there that's no longer possible - like who they have to pay rent to or who holds their deposit.

Ideally, even that could be corrected by a simple letter to each tenant confirming what's changed, rather than issuing a new tenancy agreement.

If the deposit is now being protected differently, don't forget about re-issuing the Prescribed Information.

[Flashback1966]

I would avoid doing new agreements, unless you know what you are doing. There is a lot of paperwork, which must be done correctly. if it n't done correctly, you may find it hard to get the property back. If you are leaving the letting agency, then you need to make sure you get all the paperwork e.g. contract, deposit, inventory etc.... also do they organise the gas / electric certificate? Do you have support network of tradesmen?

The tenants would have a standing order, rather then direct debits.

[theartfullodger]

Do you have copies of ALL documents from agent that you'd need for an s21?

Will agent keep charging %commisdion after you leave?

Done any training on being s landlord?

[ash72]

Send the T's a letter/email stating that you are no longer using an agent, provide them with your bank details and your contact details. You need to transfer an deposits which the agent was holding into your account, and provide the T's with an new certificate and get them to sign the prescribed information. You should also get all documents (if you don't already have them from the agent, such as gas safety certificates, inventory etc etc).

You should chase up T's to ensure they received the letter, prior to the date on when the payment was due to sent, so to avoid any delays. Some T's don't like dealing directly with LL's and prefer agents, so you may get a few which decide to leave.

[doobrey]

Any thoughts

Leave them on periodic tenancies unless you have good reason to do otherwise (which, by the sounds of it, you haven't).

[Mandryka]

What do the letting agents say about you leaving them? Does your contract with them mean that you have to pay them some money?

[decoration720]

Thanks for all the coments I have given the Agency 3 months notice as there terms 1st July I take control, already with the latest tenants just moving in I have done the inventery check and not been charged by the Agent also the deposit will be sent to me we will use DPS for that. We have always been hands on doing all the maitanance required also conducting the viewings to choose tenants that are compatable with other tenants. Our tenants tend to stay for several years it is hoped that the Agents will hand over the previous inventry check info to. Problems arouse with the latest Rightmove advertising info not being good also very poor photos that were dark with the lights switched on, also no EPC info which is a C important at this this time. With the viewings the perspective tenants complained it had taken 2 and a half weeks to book a veiwing . The Agent is now charging around £600 as a letting arrangement fee I will save around £3000 per year on 5 flats not being with the agent we also arranged all the Gas Combi checks and the 5 year electrical testing and EPC. It will be a relief to leave the Agent . I have advised the tenants of the change and all are happy with the change.

[DoricPixie]

The only other thing I can think of is the address for the serving of notices. If that was the letting agency’s address in the original agreement you’ll need to provide the tenants with a new address where they can serve notices.

[decoration720]

The Agents today have advised my tenants of the coming change plus my bank details to start paying their rent from July so hopefully parting on good terms .