Unfair Rent Collection Charge by Agent

Landlord Expert
By Landlord Expert June 9, 2013 16:16

In 2007 I set up a "Letting & Rent Collection" agreement with an agent for a 12.5% p.a. fee. The same tenant is still in occupation after over 6 years and the only service I receive from the agent is an automated collection of the monthly rent and a renewal notice of the lease for which both I and the tenant are charged an additional fee. I have asked the agent if I could take over the rent collection myself as I have a trusting personal relationship with the tenant and the administration is negligible. I am quite happy to pay what amounts to a reasonable fee for finding the tenant but NOT the £1100+ each year for a minimal service. They claim that they can charge the full fee for the ENTIRE period during which this tenant remains in the property as the continuous nature of this fee is a "Standard throughout the Industry." This seems very unreasonable to me. Do I have any way out?

Landlord Expert
By Landlord Expert June 9, 2013 16:16

Membership Login

Register| Forgot Password?


Recent Member Comments

  • User AvatarDave Osbourne { Had a blocked gully which tenant ignored after recent rain had the lounge and hall partly flooded the floor is going to be replaced but... } – Oct 16, 4:47 PM
  • User AvatarFiona Bullock { Dear Sir, I have received a text and email from my tenants saying they wish to end their tenancy of 3 years with effect from... } – Jul 05, 12:55 PM
  • User Avatarchristine clare timmins { Hi Rahima - Did you manage to resolve your problem? I am new to this site and saw your dilemma - we are about to... } – Jun 28, 9:12 PM
  • User AvatarShani Zvi { Hey, I need an advise regarding the TDS registration. The agency I'm working with claims that they need to register the tenant Zero Deposit scheme... } – Jun 04, 11:43 AM
  • Amanda Harrison { Advise needed }
  • Older »

News Archive