Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
My letting agent has just informed me that they have grown and now registered for VAT, as such future bills will have VAT added.
As an individual this will put up my cost by 20%. I know they aren’t making any more money from this but they have only provided me with 4 days notice of this, which mean I have little choice to change or look at other companies that now look more competitive.
The agent presumably knew about this change for some time and has chosen to tell me last minute. I was wondering if there were any rules on how much notice a letting agent should give for such a price rise and do I just have to accept this?
The agent advertised their fee as X% and said they currently don’t charge VAT when I started using them and look still to be advertising saying this even though is clearly now untrue.
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