Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
Hey all, in February I signed a rent guarantee agreement with an agency for 18 months. I have a 7 bedroom HMO which I have only just finished the refurbishment on.
Unfortunately, Covid-19 came along and the lockdown was enforced before they could fill all the rooms.
She rang me asking for help as in a rent reduction, because of empty rooms and I stated I’m willing to help you, but need to assess my own situation first.
The following rent payment was £1000 down and she changed our agreement to full management without any communication, signatures etc etc.
Her attitude now is basically if you don’t like it, lump it or take your house back. Surely she had no right to change any agreement/contract without consent?
Any advice will be much appreciated.
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