9:19 AM, 29th April 2015, About 7 years ago 7
I am buying my first buy to let and I am going complete in the next few days.
The property is already tenanted by the same agent I bought the property from.
When I viewed the property I mentioned to the agent that I intend to go solo when letting the property, and it was my understanding that I could do so retaining the tenant.
I now met with the letting officer to understand the level of service they are offering and he mentioned three levels of service (fully agented, collection, letting only) but he did not mention (and I didn’t ask) what happen if I want I can go solo.
If I decide to go solo do I have any obligation to the agency? (i.e. can he ask me to pay the letting fee which is a percentage of the rent I will receive till the end of the current tenancy?)
Please let me know if you need further information.
Looking at the forum I found this posting which seem to be related: http://www.property118.com/buying-a-rented-house-and-not-retaining-the-agent/37711/
It seemed to indicate that I should not have any obligation to the agent and that it is the seller that is responsible for breaking the contract with the agent.
In these latter circumstances the tenant be impacted?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Next ArticleSubletting a property but refused consent
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|