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Early release

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190 views 1 replies latest reply: 02 February 2017
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Tenant

My wife and I are seeking early exit from a tenancy. As per our contract we are required to pay a fee to the letting agent of 1 months rent and remain liable for the rent until the property is re let. I am happy with these clauses in proncaplr however the property is being adviertised at £175 more than our current rental and almost £125 more than a similar property on the same area I am concerned that this price will mean the flat will not let and I will remain liable for the rent until the end of the original contract. The letting agent has verbally told me she feels he property is marketed over he market value and this is slowing interest. Do I have any recourse if the flat is not let at the end of my 2 month notice period for early release?

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Tenant

Unfortunately no. 

Unless you start actively looking for new tenants and recommending some to your landlord / agent, there is nothing you can do to find tenants faster. There is also no recourse. 

The landlord is free to up the price. Since you’re paying for the time being, I guess they are just opportunistic in seeking higher returns. When you finally leave, after paying for a bunch of months, they might lower the price to market standards and find a tenant quickly to avoid losing profit. 

Make sure that you have keys to the property and that there isn’t another tenants while you continue paying rent. Until you’re let of the leash, it’s your property and you can do whatever you want inside, as if you’re still living there. 

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