The last owners were right to stress the need for the vents to be open.
When gas burns correctly its byproducts include CO2, carbon dioxide = 1 element carbon 2 element oxygen. No/closed vent = lack of oxygen so C02 quickly becomes CO, which as Duncan has repeatly told us, is the silent killer Carbon monoxide.
CO entering a room is known as "spillage". signs of spillage include discoluration of the fire place surround (run fingers under mantlepeice to check for soot residue) and signs of ventilation problems include condensation on windows.
If you have any doubt, do not use fire until it has been checked by a Calor/Flo gas reccomended installer. Install a CO detector for the peace of mind once the checks are complete.