We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Letting agency fees
flying_v
Posts: 20 Forumite
Hi
Each year my lettings agency charges me about £500 to keep my tenants renewing their tenancy. Its a clause in the contract as they found the tenants and credit checked them initially.
After about 4 years of this i'm getting fed up of paying them to do absolutely nothing - I manage the property so its really money down the drain. But I really want to keep my tenants - is it possible to cut out the agency or am I stuck with them?
Thank you.
Tim
Each year my lettings agency charges me about £500 to keep my tenants renewing their tenancy. Its a clause in the contract as they found the tenants and credit checked them initially.
After about 4 years of this i'm getting fed up of paying them to do absolutely nothing - I manage the property so its really money down the drain. But I really want to keep my tenants - is it possible to cut out the agency or am I stuck with them?
Thank you.
Tim
0
Comments
-
a) Tell tenants that you do not wish them to sign any new contract & you are quite happy to continue on a periodic basis: If you don't know what periodic means look it up in relation to ASTs and get booked on a "How to be a landlord" course with NLA or RLA.
b) Read the contract you signed with the letting agent (no, not the tenancy) and see what it says about cancelling. Then post what it says...
Cheers!
Artful0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards