Taking over management of my property

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    Taking over management of my property

    Hi there.

    I have a question that has been almost answered on other threads, but my own circumstances differ slightly.

    I let my property out almost twelve months ago while I moved away to study. The twelve month contract is almost up and I have moved back to the area, although I don't want to move back into my property yet, besides a lovely middle aged woman and her pets are quite happy living there and I don't want to move them out.

    The lettings agent that I use do very little and with the very little they sometimes do, they charge extortionate amounts of fees and commission. I would like to take over the management of my property, but I am worried about having to pay a penalty to the lettings agent for finding my tennant. I have read through my terms and conditions and the following passage is the only relevant part of it that I could find:

    Commission from others
    We may earn commission in respect of instructions received from persons to sell or let their property following an introduction by Us in connection with Your property.


    I wonder if anyone would be kind enough to offer me some advice as I find this passage a little vague and I am unsure what they mean by commission and how much that is likely to be.

    Any advice would be greatly appreciated.

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