Only just signed up to an agent but now I have found my own tenant

by Readers Question

17:35 PM, 4th June 2015
About 3 years ago

Only just signed up to an agent but now I have found my own tenant

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Only just signed up to an agent but now I have found my own tenant

I signed up with a High Street letting agent 2 weeks ago to help find a tenant for my property but now I may have found my own tenant.   Only just signed up to a agent but now I have found my own tenant

Will I still have to go through letting agent and pay there fee or not?

I know I did sign to be exclusive to them for 6 weeks .

Thank you

Regards

Heather



Comments

Mark Alexander

17:38 PM, 4th June 2015
About 3 years ago

Hi Heather

It's impossible to say without reading the contract.

Perhaps what you should be asking yourself is whether you are confident to let and manage the property yourself and whether it's really worth your while.

See our Property Management Checklist to see what is involved to do a proper job >>> http://www.property118.com/letting-supermarket-full-management/68829/
.

Anthony Endsor

20:41 PM, 4th June 2015
About 3 years ago

I think the only way out of this one is to ask the prospective tenant to wait another 4 weeks before signing. Of course you then risk the possibility of losing the tenant.
I suppose it's just a bit unfortunate you made a decision which you now regret, but at the end of the day you will have to make the decision as to which tenant you take, which is far more important than whether or not you would then have to pay a fee to the agent.

Puzzler

16:00 PM, 6th June 2015
About 3 years ago

Finding a tenant is only part of the service. Are you going to write the agreement, take and correctly protect their deposit, do credit referencing etc. etc.?

I use an agent and if I found a tenant I would refer them to the agent for the admin. I expect they have paid for advertising etc. which they should be entitled to reimbursement for. But it really depends on their contract.

Rob Crawford

16:27 PM, 6th June 2015
About 3 years ago

Hi Heather, what does your terms of business with the agent say? Even with a six week exclusivity there may be an opt out clause and there should now be a cancellation policy, although the later maybe be void if the service (advertising etc) has started.

Rod

19:03 PM, 6th June 2015
About 3 years ago

Do what tenants very often do, don't pay!

Neil Robb

20:01 PM, 7th June 2015
About 3 years ago

Hi

Don't lose your integrity for a few pounds talk to agent and explain what has happened and see if they will release you.

As already stated managing a tenant is not easy but you do learn.

Rod

21:29 PM, 7th June 2015
About 3 years ago

Integrity' is a good word! I can't help thinking few have ever heard of it!


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