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  • Property Management

    Landlord taking back own management please he

    Hi all looking for advise. We have 2 buy to lets  and 2 we are currently buying. 1 of our current btls we have managed due to personal circumstances at the time. I'm looking to do management myself. Had good tenants in there for 2 years now no problems. Tenancy ends in Sept but agents just put charges up. It will go on to rolling contract from Sept. What would I have to do or issue if I took the management back please? They were referenced when they signed tenancy 2 years ago but would be looking to get rent guarantee so would they need referencing? Thanks for the help
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    You need to check your contract with the management company, what is the exit clause.
    Typically its 2 months notice, but some have it in it that they will continue to charge a fee as long as the tenant is there!!

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    My posts are not financial advice, just a rambling guy passing time on a coffee break.
    The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance.

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    The commonest situation in Landlord /LA contracts is you can’t take over management until a new tenant moves in so you may be stuck with paying circa 10% for a long time .
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    My agent has said due to them putting charges up to 13% I can take management back at end of tenancy which is Sept I just need to get all my sticks in a row to make sure I have all paperwork etc that I need which I should as they did everything to start which but not sure if that will stand now but same tenants so should I just go on a rolling contract or get them to sign a new tenancy agreement? Will I need to issue them with new epc  right to rent etc or will the fact they recieved one from managing be ok?
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