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Discoverer

Letting Agent Witholding Rent

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Hi,

I've been in an unfortunate situation where I purchased my first investment property (a flat), through a company that offered a one year rental guarantee from the time of purchase. The flats were already tenanted upon purchase. The rent was passed on from the tenants to an agent (appointed by the company whom I bought the flat - I had no contract with them) to the company and finally to my bank account with a top-up being applied (as the rent received from the tenants, after costs was less than the guaranteed amount).

Part of the way through the year, the company that sold me the property and that was offering the rental guarantee went bust and stopped paying my rental guarantee, but the agent continued to collect the rent from the tenants. I issued a section 48 notice on the tenants and requested that they pay me directly and I also issed "Notice to Quit" on the agent as well as emailling the agent to pay me the rent collected directly. However, the agent has withheld the money from me from this point onwards stating that it was owed money from the company from whom I purchased the flat for furniture (that was already in the property when I purchased it) and for management.

I am thinking of taking my case to the small claims court (I've sent a seven day "Notice before action" letter) and if anyone knows of any clear legislation or indisputable facts that I could use to reclaim my rent, it'd be greatly appreciated.

Many thanks.

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I've been in an unfortunate situation where I purchased my first investment property (a flat),

And how is your 'first investment property' fairing in these uncertain economic times ?

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Guest skullingtonjoe

Sounds like you went through Inside Track. In which case there`s not much you can do except go through the courts.

Remember: if it sounds too good to be true, it probably is! :rolleyes:

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Superb.

Can we have more stories like this, please?

The OP has probably bu66ered off somewhere else already after realising this is not quite the right forum.

But I really do like the way that the odd passing fly falls into the HPC venus fly trap.

If the OP really wants some advice, then .... Go to the press, get your story into the news. [it'll help disuade more stupid tw@s thinking they are going to make money out of the hard earned wages of the working].

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