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.

Break Clause

Options
Sandu
Sandu Posts: 2 Newbie
in House buying, renting & selling
Hi there,
I got stucked in deppest problem.
I had completed 12 months stay and recently renewed my contract.
My renewal agreement says all terms and conditions are referred to Previos contract but except break clause,unfortunatley we didn't notice this and signed the agreement for 1 more year.
We vacated the property after giving 2 months notice,they demanded to pay 10% of rent for 10 months due to breach of contract we paid it.
Now when it comes to safe deposit again they want to claim the rent loss as the new tenants are joining late.
we can't afford such a huge loss of money at a time.
The property is rented through agency .They are playing with us.Please kindly help us.
Please suggest us what can we do.

Comments

  • HampshireH
    HampshireH Posts: 4,480 Forumite
    First Anniversary Name Dropper First Post
    Options
    Did you get this early surrender in writing and in agreement?

    You can argue with the deposit scheme your deposit is held in if you are unhappy with the decision to withhold your deposit.
  • HampshireH
    HampshireH Posts: 4,480 Forumite
    First Anniversary Name Dropper First Post
    Options
    Perhaps enter dispute rather than argue. Don't argue with them it won't help :)
  • FBaby
    FBaby Posts: 18,367 Forumite
    First Anniversary First Post Combo Breaker
    Options
    You obviously entered some agreement that resulted in you agreeing to pay 10% of the rent. What was the exact term of this arrangement? You pay 10% of 10 months regardless of the place is rented again or your pay 10% and then monthly rent loss if new tenants don't move until X date?

    The first seems a bit generous as only a bit more than 1 month, the second though seems totally unfair. What is agree verbally or in writing. If the latter, was it a simple letter/email, or an contract addendum?
  • saajan_12
    saajan_12 Posts: 3,622 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Options
    You agreement was to pay 12 months of rent, so the starting point is you owe a full 10 months rent. If you subsequently made a new overriding agreement to surrender early / pay 10% / something, please quote the terms of that. Your obligations for rent should be covered by that agreement.
  • Sandu
    Sandu Posts: 2 Newbie
    Options
    dispute will help ?
    I am ready to go for dispute but agency guys are threatening us they will go for dispute if we are not agree to pay for 25 days rent till the new tenant comes in.
    Please suggest me dispute people will do justice to me
  • FBaby
    FBaby Posts: 18,367 Forumite
    First Anniversary First Post Combo Breaker
    Options
    To dispute something you have to have evidence to show you are right. So as already asked, what did you sign/agree in writing in terms of arrangement to surrender early. Only this matters.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards