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Elephant

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About Elephant

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  1. Thank you for your response, this is really helpful. I will look into all these points.
  2. Advice much appreciated..... The contract my tenants signed was for a fixed 12 month period with no break clause. We have agreed independently that they are happy to go onto a periodic tenancy/rolling contract as it suits both parties. We manage the property. The letting agent collects the rent as they did not offer a finders fee only option. I now wish to de-instruct them but have been told that I will incur extremely high 'renewal fees' even if they do nothing - no admin/paperwork and no longer collect the rent. They have said that if I keep the tenants I have to pay an ongoing renewal - which amounts to almost one months rent. This seems like an unfair term as they are doing precisely no work for this money. I have said that when the tenants leave I am more than happy to use them again to find tenants and set etc but that we cannot pay that just because the tenants are remaining. Any advice? Many thanks!
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