Promoting the Managing Agent – what a cheek!!!

by Readers Question

9:41 AM, 11th March 2015
About 4 years ago

Promoting the Managing Agent – what a cheek!!!

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Promoting the Managing Agent – what a cheek!!!

What do readers think of the following e-mail I received from my managing agent? Promoting the Managing Agent

“VA Property Consultants are now SELLING properties in Luton and Dunstable and would like your help to create awareness for our new sales department. This is why I am contacting you as a valued client as we would like your support please.

We will be erecting one of our promotional boards (attached for your interest) on your property «SellingPropertyReference» which we have let/currently manage for a period of 4 weeks to promote selling houses to the local residents and the public.

The board will be put up on the 13/03/2015 and it will be removed by the 13/04/2015. Our professional board contractor will erect the board at the property neatly.

We have notified the tenants for their co-operation and wanted to ask you of the same out of courtesy. If however you object to a board going up please call my office as soon as possible as we would not want to upset our relationship with you.”

I have said no as I would not be happy if I was a tenant that there is a board outside advertising I am a tenant.

What would you say?

Regards

Sharmella



Comments

Mark Alexander

9:43 AM, 11th March 2015
About 4 years ago

Hi Sharmella

You certainly don't have to justify your reasons for saying no, a simple "sod off" would suffice.

What a cheek!

Presumably you will be looking to change agents? If so please see >>> http://www.property118.com/letting-supermarket-amend-pricing/68829/
.

sharmela Jansari

9:49 AM, 11th March 2015
About 4 years ago

Haha! Unfortunately they have it rented out for next six months with them holding the full rent.

Mark Alexander

10:42 AM, 11th March 2015
About 4 years ago

Reply to the comment left by "sharmela Jansari" at "11/03/2015 - 09:49":

What do you mean "them holding the full rent"?
.

Rob Crawford

13:47 PM, 11th March 2015
About 4 years ago

Sharmela, irrespective of the arrangement you have with your agent (which sounds a little strange to say the least). They are quite rightly asking for your consent. This gives you the option to say NO. Should you do so this should be respected by them.

Carol Thomas

14:12 PM, 11th March 2015
About 4 years ago

Reply to the comment left by "sharmela Jansari" at "11/03/2015 - 09:49":

Sharmela, your arrangement with your current agent sounds a bit odd to me as well. Perhaps you could clarify? With regard to the link that Mark has kindly given you, I can highly recommend Lettingsupermarket. They are efficient, honest and generally nice people to deal with and their charge is very reasonable (you get a lot of bang for your buck, as the saying goes!)

sharmela Jansari

8:22 AM, 12th March 2015
About 4 years ago

The tenants are a retired couple who have come back to the UK. They have no references and so they have paid 6 months rent upfront. This is held by the MA and paid to me on a monthly basis.

Mark Alexander

8:32 AM, 12th March 2015
About 4 years ago

Reply to the comment left by "sharmela Jansari" at "12/03/2015 - 08:22":

Why are they holding the rent and paying you monthly?

It is YOUR money, tell them you want the balance to be paid NOW.
.

sharmela Jansari

8:38 AM, 12th March 2015
About 4 years ago

Reply to the comment left by "Mark Alexander" at "12/03/2015 - 08:32":

I believe the contract with them is written this way so I can't.

sharmela Jansari

8:42 AM, 12th March 2015
About 4 years ago

MA's comments following why I wasn't given full rent....

'Yes, the tenants paid 6 months in advance, this money will be paid to you on the due date of rent each month as we do not give over advance rent under management agreements as we must retain the money as stakeholder.'

Mark Alexander

8:51 AM, 12th March 2015
About 4 years ago

Reply to the comment left by "sharmela Jansari" at "12/03/2015 - 08:42":

I'm sorry but I think that's BS, when my tenants have paid 6 months rent up front my agent simply deducts 6 months commission and pays me the balance.

I suggest you ask them to quote the legislation which says they "must retain the money as stakeholder" because I am very confident no such legislation exists. It is YOUR money, they are YOUR agent acting under YOUR instructions.

If they think you have contractually agreed to this, ask them to show you where in your contract with them that this provision is specified.
.

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