Continuity of Periodic Tenancy

Continuity of Periodic Tenancy

10:07 AM, 8th February 2015, About 9 years ago 12

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I have a periodic tenancy in a property that is currently managed by a Letting Agent. Continuity of Periodic Tenancy

Should I wish to terminate my contract with the agent and manage the property myself, would I be able to retain the tenant on the same periodic agreement?

I have read the terms and conditions of the Letting Agent and as far as I can see, all that they require is 14 days notice of termination. The agent was paid their finder’s fee of 50% of the first month’s rental fee upon inception of the initial Assured Short Term Tenancy Agreement.

Many thanks

Mike C


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Comments

10:49 AM, 12th February 2015, About 9 years ago

Hi Mike,

I'm glad you took my comments (and Mark's for that matter) in the spirit they were intended, which was to forcefully but professionally present a case for why good letting agents (and "good" is the key word, I'd be the first to say there's some poor ones) earn their money.

There is a perception amongst some people that letting agents do very little. By and large I just accept this as part and parcel of the job, but forums such as this are an opportunity to beat the drum a bit on behalf of me and my fellow agents.

Good luck with your property investments in the future.

Mark Alexander - Founder of Property118

11:37 AM, 12th February 2015, About 9 years ago

Reply to the comment left by "Steve From Leicester" at "12/02/2015 - 10:49":

Well said Steve 🙂
.

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