UK Landlord Forum / Life

January, my agent asked me if I wanted to renew,I agreed saying I wanted changes to the AST. the tenants had 2 month break clauses we wanted 6 monthly.. My agent said she would contact ??- using an incorrect name for my tenant I corrected her she said "no I speak to the Agent for their employer this is a Company let". In February I asked agent, what news, her response was that the Corporation had not got back to their own Agent. This week, I again called my Agent, told she was in a meeting. 20 minutes later the Agent for the Corporation spoke to me telling me that we had no choices in the matter could not have any changes made to the agreement . The GSI rise in the contract it is written it would be between 0% to 5% but no higher,this Agent says we could have 0%.  It appears that we signed a 3 year agreement effectivley, with no rights to change anything in this 2nd term agreement, we HAVE to sign it.. This Agent kept using her clients name a well knownhuge American Aircaft manufactuer,implying that we would be sued for breach on contract if we refused to sign. I think it is an unfair contract as its wording says we can have GSI but this Agent is choosing which level we have.Another section says the tenant has an option to renew for a further year, then puts in dates that actually mean 18 months.They are choosing this option.I wrote a long email to Tenant/s Aircraft Corporation - Agent stating the agreement was an unfair one within the meaning of the Consumers Act 2015. This Agent then told me to deal with my own agents - (but she had contacted me herself) My agent then rang me and suggested we agree to 18 months with a break at 12. We have heard nothing at all since . What is the position regarding an unfair Agreement., which neither myself nor my own Agents understood - that we have no option at all  not to renew - Why did they not present a 3 yr Contract in the beginning?

I can't believe you have edited that and still made it read like that. ;-)

Learn from me - put line breaks in things, it's much better to convey things to readers than one wall of text.

What's GSI?

Why would you sign something you didn't understand in the first place?

Agreements with companies are often fraught with trouble. I stay well away after having had one experience of it - I didn't get burned, as such, I just prefer to know what's going on and, really, who my actual Tenant is.

It seems like your issue is with not getting more money? Am I reading that right? And the upper limit of that more money is 5%? So you'd prefer to end the agreement and go to the hassle of finding new Tenants (better the devil you know?) rather than maintain the status quo with 0%? If so, I think I would be tempted to calmly sit back and think "this isn't so bad" and realise that a 3 year period goes much faster than you expect.

I guess another alternative is to sell up. However, what is not clear to me is what rights the Company / Tenant has because surely they would not be the same as a Housing Acts agreement.