Hi guys, really appreciate all the help I've got from this site!
I plan to send a letter to our Agent that is managing our IP (was very unhappy with initial service and rudeness, we actually placated the tennants and got them in there after harsh treatment by the agent) but had already signed the contract and wasn't sure how to get out of it).
The contract states we must give 30 days notice to terminate the service - and we must pay the agent what commission they would have made until the current lease expires (thus the initial hesitation in cancelling). The tenant's lease expires Aug 23rd, so I was going to give the agent notice now, effective as of the 23rd Aug.
My question is given the mis-management and messing about by the agent in the past, I hesitate to let them see this lease out - I'm wondering if perhaps I should terminate it a week or even earlier than the lease (even if it costs us a little in the management fee) and then offer the tenants a weekly periodic lease (we're very happy with them and they are very trustworthy)- they will more than likely leave at the end of their lease, but if they no longer have to deal with the agent, I'm thinking they would be happy to stay a little longer - & we're happy with a weekly lease - Now, what do I do about the bond the agent is holding for them?? Do I need to create an account of my own for the agent to transfer? Do the agents keep the current lease they signed or do they hand it over to us?
I plan to engage another agent in the future - but just want some breathing space if I can while I have the great tennants! Visited another Agent to suss them out and one staff member was quite rude - if they're rude to an owner, I shudder to think what they would be like to a potential tennant!
thanks
Lisa
I plan to send a letter to our Agent that is managing our IP (was very unhappy with initial service and rudeness, we actually placated the tennants and got them in there after harsh treatment by the agent) but had already signed the contract and wasn't sure how to get out of it).
The contract states we must give 30 days notice to terminate the service - and we must pay the agent what commission they would have made until the current lease expires (thus the initial hesitation in cancelling). The tenant's lease expires Aug 23rd, so I was going to give the agent notice now, effective as of the 23rd Aug.
My question is given the mis-management and messing about by the agent in the past, I hesitate to let them see this lease out - I'm wondering if perhaps I should terminate it a week or even earlier than the lease (even if it costs us a little in the management fee) and then offer the tenants a weekly periodic lease (we're very happy with them and they are very trustworthy)- they will more than likely leave at the end of their lease, but if they no longer have to deal with the agent, I'm thinking they would be happy to stay a little longer - & we're happy with a weekly lease - Now, what do I do about the bond the agent is holding for them?? Do I need to create an account of my own for the agent to transfer? Do the agents keep the current lease they signed or do they hand it over to us?
I plan to engage another agent in the future - but just want some breathing space if I can while I have the great tennants! Visited another Agent to suss them out and one staff member was quite rude - if they're rude to an owner, I shudder to think what they would be like to a potential tennant!
thanks
Lisa