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Lokolo
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Last Activity: 21-01-2020, 10:57 AM
Joined: 16-01-2015
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  • Lokolo
    replied to Renegotiate Rate with LA
    The text is verbatim. Nothing else in the contact about cancelling. Should have been something I brought up before signing.

    The minimum fee isn't even stated in the contract. And the 3 levels of stated service; tenant find, rent collection, full management.

    When the current...
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  • Lokolo
    replied to Renegotiate Rate with LA
    No that is it.

    My interpretation (which may well be wrong), is that my level of service can be changed from rental collection to nothing with two months notice....
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  • Lokolo
    replied to Renegotiate Rate with LA
    Thanks Roy. The agreement also included tenant find, which on it's own would be the equivalent to 6 months commission (due to a large landlord set up fee..). As this is my first BTL property I thought I would do it this way to get into the swing of things.

    I don't plan to for future tenants....
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  • Lokolo
    started a topic Renegotiate Rate with LA

    Renegotiate Rate with LA

    Hi,

    I purchased my first BTL property just over 12 months ago and it has been let for 11 months. I currently pay the letting agent 10%+VAT for rent collection only. The tenant is happy in the property but doesn't want to pay a fee for another fixed term - and neither do I, so we've agreed...
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