9:19 AM, 29th April 2015, About 6 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?
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