Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
I am currently letting a 3 bed property to 2 reliable tenants. I wanted to cancel my contract with the letting agent as I recently relocated back to UK after being away for 12 years. They tell me due to the tenants having been found from their agency, I cannot cancel the contract until after 4 years if the same tenants remain. There is no mention of this 4 year arrangement on the contract I have with them.
They are asking for a fee of over £1,000 to remain on a ‘let only’ contract where basically they do nothing. They have not been good agents and although I may have to submit to this fee the tenants have now asked if a 3rd person can move into the property.
Am I obliged to inform the agent or can I allow the 3rd tenant to move in and charge extra rent that would be paid directly to me? The tenant is the girlfriend of the existing tenant so I feel confident there would be minimum risk.
Thank you and appreciate your advice.
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