Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I am concerned about a letter received from our managing agent asking to indemnify them.
We recently instructed agents to manage one of our BTL houses and since then they have found us tenants and they moved in on the 6th of March. However we have now received a letter from the agents head office asking us to sign to indemnify against claims or costs as the one tenant ( from a couple) has no guarantor and that we would be unable to take out legal cover and rent guarantee as a consequence.
We of course have called the local agent office dealing with this and they have informed us (via email) that we are still covered for legal and rent guarantee and this will be shown on our monthly statement)
They have however said that we must sign the letter and return it.
My question is simple, should I sign the letter? What happens if we don’t, as its the agent that is dealing with this.
We were not informed that the one tenant had no guarantor ( as we have later found out she has no form referencing) and they have already been in the house for a month.
Any advice would be great.
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