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Letting Agents want to charge me again for tenants already in place.

LANDLORD FORUMCategory: LettingLetting Agents want to charge me again for tenants already in place.
Letting Agents want to charge me again for tenants already in place. 1Foad Shah asked 2 years ago

Hello. I own a property that is being managed by a letting agency. The letting agency found the tenants two years ago. I paid them accordingly for this. The contract is coming to an end and I wish to take over the running of the property fully myself. The tenants are willing to stay on. However the letting agency are saying that as they found the tenants they are due a letting fee. Is this correct?

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Letting Agents want to charge me again for tenants already in place. 2Sam Bell
replied 2 years ago

Have you considered managing the property yourself and just using an online agent to help with advertising? I’ve found some really low-cost options recently such as Portico Direct and i’m finding im obviously getting far greater returns. Lots of other online agents as well! It does bite all these charges



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Letting Agents want to charge me again for tenants already in place. 3Marc Attwater Staff answered 2 years ago

This is normal, read your agreement with your agent. Howver the terms by law must be fair.



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