Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I have been renting out my house for 20 months and am on my second set of tenants. I have been happy with the estate agents who deal with sourcing and checking tenants and collecting rent as I manage the property myself.
Two of the four tenants are moving out and the remaining two have sourced new tenants they would like to share with.
I would like to take over rent collection so I really only need credit checks and referencing which I could source separately, but on discussion with the agent they say I am in a 3 year contract with them from the date of the second set of tenants moving in ie January 2016.
I asked for a copy of the contract dated May 2015 which does not state anything about 3 years. When I questioned this they say they have updated their policies to include this but my contract gives me no options for release
Could anyone advise me about the legality of this contract and also whether I am automatically upgraded to their new contract although I have not signed anything since the original contract?
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