Fees for cancelling management contract
Letting Agents

David Adams
David Adams
0 Thanks
6 Posts
6 months ago
0

Due to being furloughed from my work I can no longer afford to pay for a full management service from my letting agents.

They are saying that if they change the level of service then fees are still due on all levels. So if I were to drop to a tenant find service only the fee would be 9% + vat which would be payable 12 months in advance based against the current rent. This would total £972 + vat.

I was certainly not aware of such a draconian termination fee and have asked for a copy of the agreement but would meanwhile appreciate your advice on this matter.

Thank you for your help

David

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