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Tied into a Letting Agent

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Author Topic: Tied into a Letting Agent  (Read 67 times)
Newbie
Posts: 3

I like property

« on: February 10, 2020, 10:34:52 PM »

Does anyone have any advice please. I am a small landlord with only the one property. I have a busy hectic job and initially had little idea with regards to being a landlord. (Oh how you quickly learn ) so I thought by purring the property to a letting agent would remove the stress .......

The agency are not great, they miss things on check outs, do not make contact promptly if there is a problem. Etc etc.

I have had a good tenant in the property for the last 3 years and are very happy and want to stay. Basically the letting agents have said I am unable to quit the agents whilst the tenants remain in situ. They have also increased my commission without my agreement.

How the hell do I get rid of the agents without turning out the tenants?
Any ideas?????
Newbie
Posts: 1

I like property

« Reply #1 on: February 10, 2020, 10:53:57 PM »

Hi   I am in a similar situation and live overseas .  I've had the same tennants for 8 years.  Inspected the house at Christmas time and I was shocked at the state it was in.  Having looked at our paperwork with letting agent we have to give 8 weeks notice   and then pay them a months rent because they found the tennants.  At the moment they are fixing the house up so we are playing a waiting game before we decide what action to take.  Have a look at the contract you signed with the letting agent.
Newbie
Posts: 3

I like property

« Reply #2 on: February 10, 2020, 11:02:06 PM »

Thank you for your response. The contract states that whilst the tenants they introduced to the property remain there, even if they are no longer the letting agents they are entitled to the commission and fees associated with the tenants and property.
I am flabbergasted and missed this section of small print.

It would appear that the only way to get rid of the letting agents is to serve notice on the tenants and ask them to leave. Itís dreadful. Please keep your suggestions coming. Any advice would be useful.
Global Moderator
Hero Member
Posts: 3333

I like lots of things

« Reply #3 on: February 10, 2020, 11:04:09 PM »

If this is in the Terms of Business you signed at the outset, what can you complain about, really, now? You cannot go around signing your name to documents if you think you might not agree to them later on - yes, there may be extenuating circumstances and it may all feel terribly unfair (trust me, I'm on your side with this - it's a very sharp practice in my mind) but they are only protecting their interests at the end of the day - just as you should've done, really, when you were signing.

I recently did Tenant Find only with a Letting Agent in Sheffield... they had some rich Chinese students ready to go for me and I thought it was worth it - I read their Terms of Business and red lined a shedload of stuff before I sent it back - they wanted my money and it was a bird-in-the-hand, so they agreed. One term I red-lined was that they got £250 from me if the same students stayed on beyond the first year - which they might - that would be £250 for no effort whatsoever... and I can see how many Landlords might sign up to stuff... but this is cautionary tale... the only angle you might have is that you wish to terminate the agreement based on them clearly not fulfilling their responsibilities... but it's a tough call and expect them to fight it... they're the ones who have your name (I presume) on an agreement somewhere... if that's not the case, then just ignore them.
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