Renting sucks - landlords, agencies, owners
We've been renting our house here in Wrexham since April 2010. We've been perfectly happy - it's a nice house, it's a good and quiet area. The owner of the property lives near-by and is a good owner, he deals with things as they need dealing with and is a nice bloke
On a technical note: we signed our agreement with the agency, they are our landlords - the owner of the property lets it to them who then sublet it to us.
A few months ago the owner of the property approached us asking how much we paid the agency. We talked and it turns out he's paying them £100/mo in fees, plus fees for finding tenants and drawing up new contracts when the fixed term tenenacy expires. He suggested that if he could get management of the property back from the agency then he'd reduce our rent by £50/mo and he'd still be better off.
Nothing much came of this until a week or so ago when he told us that the agency had been back in touch with him, giving him 4 options:
Now he's understandably a little unhappy at this, however it's all in the agreement that he signed (we have a copy of this, it's awful for the owner). He now wants nothing more to do with the agency which rules out options 1, 2 and 3. He seems to be of the opinion that he'd rather lose a current good tenant and a regular income "because of the principle of the thing".
I talked to him about this and, told him that the course of action he'd taken was going to lead to us leaving, and not through choice. He didn't really say anything, so I think he either doesn't understand the problem thoroughly, or he is too wrapped up in "the principle" to care about the impact it will have on him and us.
So, tl;dr - we're going to be moving house in April.
The next job is to find somewhere... but where? Too many options...
On a technical note: we signed our agreement with the agency, they are our landlords - the owner of the property lets it to them who then sublet it to us.
A few months ago the owner of the property approached us asking how much we paid the agency. We talked and it turns out he's paying them £100/mo in fees, plus fees for finding tenants and drawing up new contracts when the fixed term tenenacy expires. He suggested that if he could get management of the property back from the agency then he'd reduce our rent by £50/mo and he'd still be better off.
Nothing much came of this until a week or so ago when he told us that the agency had been back in touch with him, giving him 4 options:
- We carry on with the tenancy as agreed, nothing changes
- They kick us out and find him new tenants at a cost of £400
- He takes over management of the property for £1,400 (+ VAT)
- They return the property to him, empty.
Now he's understandably a little unhappy at this, however it's all in the agreement that he signed (we have a copy of this, it's awful for the owner). He now wants nothing more to do with the agency which rules out options 1, 2 and 3. He seems to be of the opinion that he'd rather lose a current good tenant and a regular income "because of the principle of the thing".
I talked to him about this and, told him that the course of action he'd taken was going to lead to us leaving, and not through choice. He didn't really say anything, so I think he either doesn't understand the problem thoroughly, or he is too wrapped up in "the principle" to care about the impact it will have on him and us.
So, tl;dr - we're going to be moving house in April.
The next job is to find somewhere... but where? Too many options...