Purchased Student property and not being released from management contract?

by Readers Question

10:48 AM, 17th May 2016
About 3 years ago

Purchased Student property and not being released from management contract?

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Purchased Student property and not being released from management contract?

I have just taken over a property which has 5 students living in, when swapping information about the tenancy, I was never told that the property was being managed at a cost of £450 per month! set free

This was also not shown in any information I had received from the old owner. When I called to change the account details for the rent, I was told I did not have to continue with their management, they have now gone back on their word and are saying its a miscommunication.

In the tenancy agreement it says that bills are included at £10 per tenant per week and if the bills run over, the tenants are liable, I have been charged £65 per month per tenant.

This company is a disaster along side not paying the first months rent they are also holding money back from me that the tenants have paid them for future rent as part of an agreement with the landlord (me) and the tenants.

Can anyone help me in what I can do or where I stand with this situation.

Thanks

Nicholas



Comments

Neil Patterson

10:50 AM, 17th May 2016
About 3 years ago

Hi Nicholas,

Surely you have signed no contract with the agent? Why do they say they can hold you to it?

Steve From Leicester

17:09 PM, 17th May 2016
About 3 years ago

Unless you've signed terms of business with the agent you don't have a contract with them and have no obligation to them whatsoever.

Point out politely that if there are any termination fees or similar they are the responsibility of the old owner and request that they pay you any monies received after the completion date in full and without delay.

If politeness doesn't work put them on notice that if they don't pay up in full within 14 days you'll issue proceedings using Money Claim On Line for the amount you're owed plus costs necessarily incurred in recovering the debt. That should focus their mind.

Tip: If you've not already done so check the deposit is safe and correctly registered and don't forget to issue your tenants with Section 48 notice to pay rent directly to you in future.

Whiteskifreak Surrey

12:57 PM, 18th May 2016
About 3 years ago

We bought two properties with students in situ. One was managed by an agent (High Street name, can't remember). We did not have any problem with termination, as we were not a party to the contract.
Do as Steve from Leicester says, it is a good way to deal with that. You have absolutely no legal obligation to stay with them or anybody else.
Let us know if it did work. Good luck!


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