Managing my rental property myself

moneyangel22

Hello,

I have a property I rent out which is currently managed by an estate agent.

I am not happy with the service I have received from the estate agent, and also want to save some money on fees as if it wasnt for the ea fees I would be breaking even, whereas at the moment the rent doesnt cover my mortgage.

For this reason I have decided to manage the tenancy myself, and would like some advice on my responsibilities as a landlady.

Do I need to get a contract professionally drawn up or could i just copy the one the estate agents did?

Many thanks

clutton_2

depends on how old it is - no one can tell you over an internet forum as every contract is different

Planner

theartfullodger wrote: »

the letting agent (NOT the tenancy agreement) allow you to do that?? If so...

? Re existing tenancy agreement with Agent - is it suitable to a Landlord <=> Tenant agreement??

Do tell, what other type of agreement is there apart from a landlord/tenant agreement?

theartfullodger

Planner asks " Do tell, what other type of agreement is there apart from a landlord/tenant agreement? ".

Well, quite a lot actually...

MoneyAngel stated "I have a property I rent out which is currently managed by an estate agent. " - so there is some sort of agreement, written or not, between MoneyAngel & the Estate Agent". (e.g. I have one with my letting Agent). It governs that relationship - e.g. how often EA does inspections, what EA charges LL for doing whatever etc. etc.

That agreement (or indeed the LL <=> Tenant tenancy agreement) may probit the copying of the LL<=>Tenant tenancy agreement if drawn up by the EA.

Further, it is just possible there is an agreement between the Tenant and the Estate Agent (e.g. Tenant pays EA for £xx for every renewed tenancy agreement.).


hth

Cheers!

Artful