The end of a long battle!
Submitted by visitor on Fri, 10/07/2009 - 12:41.
Thanks to the OFT on behalf of landlords for taking the case against Foxtons to the High Court. We won!
The High Court has just ruled that the renewal fee imposed by Foxtons to landlords for renewals of lettings is unfair. Read more at:
http://www.oft.gov.uk/news/press/2009/83-09
Off to open a bottle of champagne!
LARP
(1 vote)
Great News
This is great news, but im wondering if - when my tenant renews later this year - will i be hit for the usual 11%?
To be honest, I did know about this but did not know about the sales commission.
tenant has just renewed and
I think you can refuse to
No you can't
Yes you can
hello! does this mean its
hello! does this mean its only for contracts post the high court ruling? i.e. if you have already signed contract you are bound if your tenenats decide to stay. we are in process of getting tenants through foxtons asnd realised that their admin fee of £370 plus VAT covers only tenancy agreement and reference checks - not an actual credit check!!!! bandits!
Foxtons are great
I don't thick they are that bad.. you're all getting a quality service .. so shut up & stop whinning!
Mr Singh
PS i have c90 properties with them currently!
And they are all squalid
Foxtons new 7% renewal commission - is it "fair"?
The question is - would this new offer of 7% instead of the past 11% be considered "fair" when many agents charge in the region of 4% for renewal commission? And can landlords claim for the difference on past renewals given the terms were deemed by the High Court to be "unfair"? Foxtons latest reply to me states: "In agreeing to our reduced renewal commission fee of 7% you will beasked to sign our amended terms of business. These were not reviewed aspart of the OFT test case and so have not been judged unclear or in any way unfairto apply the fees detailed within. Naturally you reserve theright to make submissions to Foxtons in relation to fees previously paidthrough the appropriate channels, however in agreeing to these new terms ofbusiness and this lower renewal commission fee you will not have the right tochallenge future fees paid."
Is this the same as others are being told out there???
No, it isn't
This looks like typical dodgy Foxtons rules. I would suggest to kindly decline, unless they offer you a valuable service.
If you are in any doubt my advice would be to ask a lawyer. You might pay up to £200 but it could save you a lot more than that!
has any landlord
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