I hope the title of this thread is not too ambiguous.
We own a property in Ireland. We moved abroad with work, and rented out our property. We used the services of a letting agent to take care of this process for us. The property now has a tenant, with the initial years lease due to expire on the 1st Nov 2012. We are now fortunate enough to be able to move back to Ireland with work. We want to remove the cost of the letting agent - we feel that their services will no longer be needed as we plan to live in the same area as our property. The rental property is an apartment, and we plan to rent out a small house when we return.
In an ideal scenario I would like to remove the letting agent from the equation while keeping the tenant in the property.
Does anyone have any experience of this or maybe could offer some advice on how we should approach this matter?
My own thoughts are to notify both the letting agent and the tenant in writing in good time (say 2 months) before the lease is due to expire. But I've no experience of this, so this could well be the wrong path to follow.
Any thoughts or comments would be appreciated.
We own a property in Ireland. We moved abroad with work, and rented out our property. We used the services of a letting agent to take care of this process for us. The property now has a tenant, with the initial years lease due to expire on the 1st Nov 2012. We are now fortunate enough to be able to move back to Ireland with work. We want to remove the cost of the letting agent - we feel that their services will no longer be needed as we plan to live in the same area as our property. The rental property is an apartment, and we plan to rent out a small house when we return.
In an ideal scenario I would like to remove the letting agent from the equation while keeping the tenant in the property.
Does anyone have any experience of this or maybe could offer some advice on how we should approach this matter?
My own thoughts are to notify both the letting agent and the tenant in writing in good time (say 2 months) before the lease is due to expire. But I've no experience of this, so this could well be the wrong path to follow.
Any thoughts or comments would be appreciated.