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terminating an excl management agency agreement

Discussion in 'Property Management' started by Abooking, 13th Oct, 2015.

  1. Abooking

    Abooking Well-Known Member

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    nsw
    Im planning on moving to a new agency. The fixed term lease comes up for expiry in 40 days. Ive read the agreement that I signed and it says I can give 30 days notice to terminate the agency agreement.

    The tenants advised that they would like to renew for another year.

    Ive had a read of the agency agreement that I have in front of me but wanted to be 100% sure that there is no legal recourse for them to come after me on the basis that they found me the tenants in the first place a year ago.

    I will be asking the new agent to prepare a new 1 yr contract with these existing tenants. Is my assumption above correct that the old agent cant sue me for lost commission or any B.S like that? Its a NSW management agency agreement.

    thanks
     
    Last edited: 13th Oct, 2015
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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  4. Kael

    Kael Well-Known Member

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    Don't you pay a letting fee for them to find your tenant? Regardless, you don't need to feel obligated to stay - if the agency hasn't performed to your satisfaction, as long as you provide them with the minimum notice as stated in the contract, you should be fine.
     
  5. Abooking

    Abooking Well-Known Member

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    Location:
    nsw
    thanks for the replies
     
  6. DiligentPM

    DiligentPM Well-Known Member Business Member

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