16:57 PM, 22nd February 2021, About 4 months ago 3
I am a Landlord and I would like some help. I have a signed tenancy agreement between all parties, where on the last page says: Signed by the Landlord, signed by Tenants and Document Executed by: (which is my letting agent).
These tenants need to move in within 3 weeks, but, current tenants (who are a subletting agency), are saying now that they can’t vacate the property on time for the new tenant to move in. They are very vague about giving an exact termination date, and I’m in no position to even try and extend or discuss the new date with the upcoming tenants.
For peace of mind, while sitting on the unknown and to avoid having further complications with upcoming tenants, I have agreed to stay with the current tenants (subletting agents). I have asked my new agent to notify the upcoming tenants that although the contract is signed between all parties, I would like to cancel the agreement and due to the uncertainty of vacant possession date, I would remain with the current agents.
By the way, complete funds, deposit and one month rent has been sent to my new agent by the upcoming tenants, which of course needs to be refunded.
I’ve learned now that my current tenants (subletting agents) has advertised the property online for long let, at higher rent than the agreed signed tenancy agreement I have with upcoming tenants. The upcoming tenants have also learned of this, and he is very frustrated.
I want to do the right thing in this situation and your advice is much appreciated. I want to know my rights on this matter and if if worse comes to worst, who will be liable for any charges?
Current agent has made me aware that deed or surrender has to be signed otherwise the contract is still binding between all parties (tenant and I). They also warned me of complications I could have by withdrawing from a signed agreement.
I would like to know, what are my options here, please.
Thank you for taking the time to understand my comments.
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