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agency agrrement
jpandgd
Posts: 3 Newbie
We are renting out our house. We instructed a letting agent a month ago. So far we have only had 1 viewing. We have possibly found some tenant that would like rent privately.
There is a clause in the in contract that reads ' if you terminate this agreement, a termination fee equivalent to three months rent will be payable by you, and any outstanding element of the service charge or other monies due to us under the terms of the agreement must be paid bu you prior to the termination'
Considering they have not even found us tenant do they think they expect us to pay £3600 just to terminate a contract.
There is a clause in the in contract that reads ' if you terminate this agreement, a termination fee equivalent to three months rent will be payable by you, and any outstanding element of the service charge or other monies due to us under the terms of the agreement must be paid bu you prior to the termination'
Considering they have not even found us tenant do they think they expect us to pay £3600 just to terminate a contract.
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Comments
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Yes I think that's what they expect0
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even if they cant find us tenants?0
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No agent can force someone to rent a house that is much more expensive than any others or which is not suitable as a rental property.
Ask the agents why no one is interested in it. You may not be able to cover your mortgage payments with the rent. Not all properties make good rental properties so some of them have to be let on cheap rents.0 -
How long is the contract for?No free lunch, and no free laptop
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How did you find the interested person?It's nothing , not nothink.0
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I'd love to be in court on the day the agent tried to enforce that clause.
See also
* Letting agents: how should a landlord select or sack?0 -
' if you terminate this agreement, a termination fee equivalent to three months rent will be payable by you, and any outstanding element of the service charge or other monies due to us under the terms of the agreement must be paid bu you prior to the termination'
That sounds like the usual termination fee for when they have found a tenant and you want to self manage and stop paying ongoing commission. If you formally terminate that clause would kick in, there may be another way out. Please quote the agreement in full (redacting names etc), in particular anything about when commission is due. Depending on the wording commission may not be due on a tenatn they don't find, and if they don't have exclusive rights to find a tenant, you may simply be able to get your person in and refuse any of their suggestions.
Quote the agreement to be sure!0
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