rate cut when does it come into effect?

[mossy]

Hi all,

Try and follow me here, but looking for some advice.

Original contract on rate x was May to 1st Dec.
Renewal agreed from 2nd Dec to 29th Feb at rate y (an increase on x).
Notice served that 10% rate cut would be effective 1st Jan. Reluctantly agreed.

Now the dilemma. The agency have only just sent a revised contract (1st Jan to 29th Feb) at the reduced rate y - 10%. So would I be within my rights to claim the first three weeks at rate y because the agency failed to issue a revised contract in a timely manner. Or because I gave written approval (via email) that is binding and it doesn't really matter when new contract is issued.

Any help advise welcome. Thanks

[TheFaQQer]

Up to 1st December, you get x
From 2nd December to 31st December, you get y
From 1st January onwards, you get y-10%

[pmeswani]

Hi all,

Try and follow me here, but looking for some advice.

Original contract on rate x was May to 1st Dec.
Renewal agreed from 2nd Dec to 29th Feb at rate y (an increase on x).
Notice served that 10% rate cut would be effective 1st Jan. Reluctantly agreed.

Now the dilemma. The agency have only just sent a revised contract (1st Jan to 29th Feb) at the reduced rate y - 10%. So would I be within my rights to claim the first three weeks at rate y because the agency failed to issue a revised contract in a timely manner. Or because I gave written approval (via email) that is binding and it doesn't really matter when new contract is issued.

Any help advise welcome. Thanks

Do you have in writing anything that states that the 10% cut will take place from the 1st of Jan? Did you respond to the Agent in writing to confirm the rate cut from the 1st Jan? If no to either or both these questions, contact your agent and ask them to confirm the effective date of the rate cut.

[Notascooby]

Up to 1st December, you get x
From 2nd December to 31st December, you get y
From 1st January onwards, you get y-10%

+1 - you're not going to win on this, just suck it up.

[mossy]

Up to 1st December, you get x
From 2nd December to 31st December, you get y
From 1st January onwards, you get y-10%

in a nutshell yes

[mossy]

Do you have in writing anything that states that the 10% cut will take place from the 1st of Jan? Did you respond to the Agent in writing to confirm the rate cut from the 1st Jan? If no to either or both these questions, contact your agent and ask them to confirm the effective date of the rate cut.

yes to both

[mossy]

+1 - you're not going to win on this, just suck it up.

thought as much, but no harm in double checking

[Notascooby]

thought as much, but no harm in double checking

As someone in a similar 10% cut boat I fully understand...

[Scrag Meister]

Up to 1st December, you get x
From 2nd December to 31st December, you get y
From 1st January onwards, you get y-10%

WTFS

[BlasterBates]

In a word no, because the contract has verbally been agreed.

A verbal agreement is legally as binding as a written agreement.