Updating post from Reddit.

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QUESTION
Posted by Educational-Bend2253 3 weeks ago
1% increase from Your move, is this allowing us to get out of contract with them and keep the tenants without paying a release fee?
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Posted by j1664 3 weeks ago

Yourmove are utter shite, in my experience. Getting rid would probably serve you better in the long run.

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Posted by TravelOwn4386 3 weeks ago

I just had a quick read online as I assume you are thinking it works with broadband I wonder if the same goes for lettings. It appears you might still be liable for exit fees unfortunately as they don't work the same. Although your contract will state what your exit terms are.

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Posted by Educational-Bend2253 3 weeks ago

Yes, I added the second screenshot can you see it? I think we can keep them without fee...

https://preview.redd.it/zp6pj5ef8hue1.png?width=1163&format=png&auto=webp&s=7661a272da5374741ccd1aeedb174cdb563878a2

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Posted by Syphadeus86 3 weeks ago

Love how they’re saying you can offset it by charging the tenant more. If you’ve a management firm dealing with the property for you, you likely have multiple properties. Are your yields really that tight that you can’t absorb an at max average of £24/pcm?

And if they are, shouldn’t you be questioning instead whether the agent’s services are worth that increase?

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Posted by Educational-Bend2253 3 weeks ago

Yes we can absorb it. But I feel we would be better off moving over to Open Rent for better value...

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Posted by Educational-Bend2253 3 weeks ago

We currently pay 7% rent collection but also approx £25 per month for rent protection on a property let for £1200.

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Posted by DancingBukka 3 weeks ago

According to the second screenshot - Yes, that seems to be the case.

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Posted by Educational-Bend2253 3 weeks ago

Can anyone give me some advice about having a tenant in situ and actually moving over to Rent Now? Is this possible or do I need to end the tenancy and get new tenants?

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Posted by wibble1234567 2 weeks ago

Yourmove are the absolute arsehole of arseholes. Use anyone but them.

They screwed me over several times as a tenant many years ago and tried again when I looked at listing a rental as one of only 3 local options as a landlord.

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