Dilemma – Rent to Rent/Company Lease contract basics?Make Text Bigger
I am looking to possibly move to another Agent in regard to a Rent to Rent/Company Lease arrangement for one of my properties.
I’m not happy with the current company at all – dire call back response, never reply to emails etc among other things. They have conceded that I can have a new contract (?), but I’m more inclined to use this as a chance to get out of it completely.
I have never signed the current contract (neither has my father who’s property it is – I act as his agent since he retired) and neither has their representative (who has apparently since died), so no one has any written agreement as such, just a copy of a contract document with the specific property details on like property address etc
There is a tenant in the property and my father receives the rent each month so legally there is a ‘contract’ by default of a transaction?
As I am writing this, I guess I’m really wondering if this is a valid contract in the first place? If not then how do I give the Mgt company notice? What happens to the existing tenant? I guess she has a contract with the Mgt agent (though clearly I am not a party to this).
Is it better to give the Mgt company notice then they deal with giving the tenant notice?
In the contract it states ‘if you require the property to become empty for whatever reason, the full cost of the move will be borne by you and a min charge of £2,000 will become payable before any tenants are moved out. In the event of a formal demand to move the tenant out or to terminate the contract you agree to pay us any money that we have spent on your property in order to make it fit to let during any time of the contract. ‘
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