quote: Originally posted by rmbbrave:

I don't understand what you mean by underlet.

Do you mean the agent has beeen given the power to decide the amount of rent by the landlord and has taken advantage of the landlord by setting it lower than the market rate and is at the same time offering to buy the property at a-below-market-price?
The agent, who looks after our property (note agent, not agency) sets the rent, given their knowledge of market conditions etc etc. Owner lives out of town.

They have taken advantage, in letting at a price slightly under market rates, not that I am complaining at all. Given what else is around and what another agent has told me, about 10% below.

The agent is not trying to buy the property at present, but the agent has tried to buy the property off the landlord in the past, and has said to me that they are still very keen.

SSB