Tweet
hi,
my tenants are currently on a statutory periodic tenancy tenancy and have expressed an interest in purchasing our property. I have had a look at our agreement with the agency and it states that "in the event You decide to sell the property and the agent is able to demonstrate that in relation to the sale they have provided YOU with estate agency services, the agent shall be entitled to charge you a fee of 2% plus VAT of the negotiated purchase price". if I were to use a different estate agent to value my property would I still be liable to pay these charges. I understand that the agency have provided me with tenants as they have technically provided estate agency services; however there were significant initial costs, we also paid significant costs to improve the property to make it habitable for tenants, therefore the value of the house has increased, therefore the agency will get more money. The other factor in to the tenants wanting to buy is that they have built up a good relationship with my partner and I. I feel that I am going to be penalised as if I was not tied in with this agency then I could sell my property t the tenants and just incur solicitors costs. is there any loophole that would benefit my tenant or myself so as I would not have to pay these fees. additionally if I were to ask my tenant to put notice in then sell to them after notice what fees would Incur and would it be legal? any advice would be really appreciated, thank you in advance
my tenants are currently on a statutory periodic tenancy tenancy and have expressed an interest in purchasing our property. I have had a look at our agreement with the agency and it states that "in the event You decide to sell the property and the agent is able to demonstrate that in relation to the sale they have provided YOU with estate agency services, the agent shall be entitled to charge you a fee of 2% plus VAT of the negotiated purchase price". if I were to use a different estate agent to value my property would I still be liable to pay these charges. I understand that the agency have provided me with tenants as they have technically provided estate agency services; however there were significant initial costs, we also paid significant costs to improve the property to make it habitable for tenants, therefore the value of the house has increased, therefore the agency will get more money. The other factor in to the tenants wanting to buy is that they have built up a good relationship with my partner and I. I feel that I am going to be penalised as if I was not tied in with this agency then I could sell my property t the tenants and just incur solicitors costs. is there any loophole that would benefit my tenant or myself so as I would not have to pay these fees. additionally if I were to ask my tenant to put notice in then sell to them after notice what fees would Incur and would it be legal? any advice would be really appreciated, thank you in advance
Comment