Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
Recent legislation prohibits the applying of fees to tenants. Our AST clearly sets out the exact nature of the tenants responsibilities during their day to day occupation of the property. For example if a light bulb fails it is their contractual obligation to replace it, likewise If the sink blocks, they damage internal fittings etc.
Before this legislation we would send in one of our approved contractors, costs agreed and the tenant would be sent the bill. Our managing agents say this course of action is now illegal.
How are we to deal with the issue of costs that are the responsibility of the tenants as they have agreed and understood by signing the AST?
Would really appreciate your opinion and guidance.
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