UK Landlord Forum / Life

Hi everyone,
I am a new member and would like some advice . I have owned a property for a year and a half and always used an agent to collect rent and manage the property, although I have no problems I have come to the conclusion its money I could spend better . How do I go about taking over management of the property at the moment the rent is paid by standing order and I couldn't ask for a better tenant , should I contact the tenant and tell him my plans or leave it to the agent to handle, also what,s the procedure re the deposit that's held does it get transferred or stay where it is.Do I have to do a new tenancy agreement.
Any help appreciated .

Step 1. Do you have a contract with your agent.  Hopefully you do.  What does it say about termination.

As above, but you don't need a new AST, you will need the deposit transferring to a Landlord ID you set up, you must inform the Tenant so money goes directly to you. Prepare for the Agent to tell you you can't even do this... all in their terms of business, right?

Obviously you will be offering the Tenant a rent reduction for the decrease in the level of service? Hahaha!

Alternatively...

"Dear Agent,

It's not you, it's me. Although I'll always have a special place in my heart for you it has recently begun to feel all wrong. Yes, at times, our business relationship felt like it was the best thing that had ever happened to me but now, it pains me to admit this, my need for you has faded away."

...... I just can't be the landlord you want me to be....

Not very helpful replies

Quote from: Carver370 on June 03, 2015, 12:36:11 PM
Not very helpful replies

Semi true - the first reply, never to be replied to was very helpful

Quote from: Martha on May 24, 2015, 08:54:44 PM
Step 1. Do you have a contract with your agent.  Hopefully you do.  What does it say about termination.

Your comment didn't increase the helpfulness of the answers in any way shape or form.  What would you suggest the OP does that would be helpful?

Quote from: Carver370 on June 03, 2015, 12:36:11 PM
Not very helpful replies

You need to interact a bit. I asked you a question about contracts which you completely ignored. 

Quote from: Martha on June 03, 2015, 01:49:34 PM

Quote from: Carver370 on June 03, 2015, 12:36:11 PM
Not very helpful replies

You need to interact a bit. I asked you a question about contracts which you completely ignored. 

Carver isn't the OP! OP is a OPW.

Quote from: Carver370 on June 03, 2015, 12:36:11 PMNot very helpful replies

But a bit humorous, which we all need in these dark times. Get on board our bus...

Quote from: Riptide on June 03, 2015, 02:37:28 PM

Quote from: Martha on June 03, 2015, 01:49:34 PM

Quote from: Carver370 on June 03, 2015, 12:36:11 PM
Not very helpful replies

You need to interact a bit. I asked you a question about contracts which you completely ignored. 

Carver isn't the OP! OP is a OPW.

Yeah fair point. But if Carver isnt the OP there is no cause to be so dissapointed 

Quote from: Martha on June 03, 2015, 03:47:03 PM

Quote from: Riptide on June 03, 2015, 02:37:28 PM

Quote from: Martha on June 03, 2015, 01:49:34 PM

Quote from: Carver370 on June 03, 2015, 12:36:11 PM
Not very helpful replies

You need to interact a bit. I asked you a question about contracts which you completely ignored. 

Carver isn't the OP! OP is a OPW.

Yeah fair point. But if Carver isnt the OP there is no cause to be so dissapointed 

Carver is having agent issues as per his other thread, I think he was after answers here.

Can i ask, where do i find out the legal information about not having to draw up a new Tenancy Agreement when changing the property from being agent managed to self managed please?

Yes you can.....ask that is... Lol!

Umm, if the original agreement  names just you and the tenant, and another agreement covers your relationship with the Agent.

You wont find anything.

The original agreement  still stands, irrespective of  the agreement or otherwise you have with your Agent.

Does that make sense?

If these "ifs" don't apply then its another answer you are looking for.. not droids, these wont be the right ones either...

That is interesting. I emailed my letting agent earlier this week and politely gave them notice thanking them for their services (??!).  This is what I received. 

"Just to confirm you wish to give us notice and take over the management of the above property with the tenants in situe??
If this is the case I will write to your tenants, you will need to arrange a new tenancy agreement with them as ours will become void and you will need to apply for a deposit scheme so that we can forward the deposit to you."

Looking at the conversation above, is it correct that I just need to obtain copy of the tenancy agreement from my tenants?  I wasn't sent a singed copy from my letting agent.

Was it only singed or could it have been burnt completely?

Lol, hey, I'm on fire!