12:38 PM, 12th March 2018, About 5 years ago 7
We are currently renting our 3 bedroom/2 bathroom flat, through an Agency in Bristol, to two unmarried couples. We pay 13,5% fee for the full management of the flat.
Initially, when our flat was put on the market and rented out by this Agency there was no mention of it being regarded as an HMO. Six months ago the Agency wanted us to sign some papers and have some costly HMO checks performed on the flat. Our flat is not an HMO from what I understand by reading various regulations!
The AST contract is coming up to an end in April and we would like to say goodbye to the agent and manage our flat and our very good tenants without anybody’s help. Currently this is our only source of income (both made redundant). The Agency claims that we are obliged to pay £250 penalty fee at the end of the contract if we wish to keep the same tenants. Why do we need to do this if our tenants wish to continue living in the flat and we have no objection?
Can anybody advise how do we proceed with managing our flat without anybody’s help, i.e. drafting up a new AST, preparing an inventory list, performing all electrical checks if necessary?
Many thanks and best wishes to all.