Letting Agents fees to landlords
I have had my tenants for several years now, who were introduced through a letting agent, to whom I pay 10% monthly for their services. As the government have changed the tax system, to screw as much money from landlords as possible, in addition to banning fees to tenants I have to do something to reduce my costs.
Can I legally drop the agents at the end of the tenancy and keep the tenants in place, providing I issue a new tenancy agreement and comply with other legal duties?
If so, how do I then recover the tenants deposit from the agents, to protect it myself?
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