Changing Your Letting Agent: Step By Step
1. Check Contract & Serve Notice
Start by looking at the Terms of Business as this will stipulate the amount of notice you must supply. This should not be confused with The Tenancy Agreement, which is the contract between the tenant and landlord. There will likely be an initial fixed-term period, which can vary between agents, but a 3-month notice period is standard. Some of the larger, more corporate letting agencies have stricter exit terms, but we can help you negotiate this barrier. Notice should be served in writing – either by post or email – and you should request confirmation of receipt.
2. Instruct New Agent
Once you’ve found the right agency, let them guide you through the process. You’ve chosen them because they’re good at what they do and can handle the finer details. They’ll communicate with the previous agency to ensure a smooth transition and will explain the change to your tenants. In most cases, if you (the client) have been disappointed with the previous letting agent’s service, then it’s probable your tenant feels the same. Your agent will coordinate the transfer of all relevant documents, funds, keys etc. If the new agency has done this before, they should know exactly what to do and can take away any stress.
3. Enjoy Your Investment!
After the transition is complete, there’s no reason why you can’t simply sit back and enjoy a stress-free property investment. The best agents will do all the heavy lifting for you!
