13:36 PM, 7th October 2015, About 7 years ago 9
I entered into an agreement with a letting agency at the end of Jan 2015 and an excellent tenant moved into my property in March.
That months rent went to the letting agency as a finders fee and since then they have been taking 10% + VAT of the rent in return for property management services. I would like to take over the property management myself moving forward, but want to be fair about withdrawing from my contract.
I have no complaints with the service received, its just that this looks set to be a long term let and I now have confidence that I can cope with an maintenance/ repair issues that come up myself ( I acquired the property on my mother’s death so renting was all new to me when I entered into my agreement).
The contract does not mention a buy out option. Instead it says that termination is not possible UNTIL the agency is paid the remuneration to which they are entitled; no specification of UNTIL is provided.
Can you give me a steer about how to proceed?