Forum Home Search Login Register
+  Landlord Forum
|-+  General Category
| |-+  Landlord Advice & Help
| | |-+  Can I change agreement with agent now?

Can I change agreement with agent now?

Pages: [1]
Print
Author Topic: Can I change agreement with agent now?  (Read 134 times)
Newbie
Posts: 2

I like property

« on: August 16, 2020, 06:17:22 PM »

  :-\ Hi Everyone,

                        We are newbie landlords; Well one year in September.
Can we ask the agent to change from Fully Managed to Let and Collect now.?  We have found, they are taking money for old rope[ so to speak]!
Many Thanks,

FrustrateLil.
                         
Global Moderator
Hero Member
Posts: 937

I like property

« Reply #1 on: August 17, 2020, 10:56:43 AM »

You will need to read the terms of the contract you signed with them.There may be penalties if you change while the current tenant is still living there.On the other hand,it is not in their interests to be awkward about it,if you still intend giving them some business.Good Luck!
Global Moderator
Hero Member
Posts: 3617

I like lots of things

« Reply #2 on: August 17, 2020, 02:09:57 PM »

Can we ask the agent to change from Fully Managed to Let and Collect now.?

But isn't "Let and Collect" making money for old rope anyway? What are they doing there for you that you could not do yourself?
Newbie
Posts: 2

I like property

« Reply #3 on: August 17, 2020, 04:38:19 PM »

Thank you Hippogriff and Heavykarma.

Have checked T&C,s, no mention of penalty. Just assumption you want to cancel completely.
Only thing stopping us changing is hassle of sending all Utilities, usage figures etc.
Have decided not to increase rent due to difficulties people are facing with Covid 19, but have suggested Agent reciprocating with reduction for us.😄.
Watch this space.!
Global Moderator
Hero Member
Posts: 3617

I like lots of things

« Reply #4 on: August 17, 2020, 05:10:17 PM »

It seems your Agent does more for you in Let and Collect than any Agent ever did for me in Let Only... that basically, for me, means they advertise it and take leads that they pass onto me. Nothing to do with utilities or anything like that (just how I like it).
Newbie
Posts: 3

I like property

« Reply #5 on: September 03, 2020, 07:26:05 PM »

How did you get on with the agent reducing their fee? Asking for a friend haha. We have moved to online agents as we found we could easily do a lot fo the work ourselves, more efficiently but needed the help advertising.
« Last Edit: September 03, 2020, 11:48:02 PM by Simon Pambin »
Jr. Member
Posts: 55

I like property

« Reply #6 on: September 03, 2020, 07:51:29 PM »

The terms and conditions or terms of business will determine the rules about changing your service.  If there is a penalty you can negotiate this with the agent anyway as they might decide it is better to keep you long-term rather than lose out over a fee.

As for managing the property yourself. In most cases it is quite straightforward.  You have to decide if you have the time and the willingness to deal with issues.  I would suggest you try to find contractors in your area so if any issues arise you already know who to contact if you get a leak or any maintenance issue.
Pages: [1]
Print