The Implication of OFT V Foxtons

I have looked at some of the comments made by the great and good in the legal field concerning the outcome of the latest case involving Foxtons and the OFT.

A clear consensus has emerged. Lord Justice Mann, presiding, has indicated that Foxtons terms and conditions were not clearly flagged up and therefore the imposition of continued commission on rented property should not be allowed - IF YOU ALREADY HAD A RENTAL CONTRACT WITH FOXTONS AT THE TIME OF THE LEGAL DECISION. If so and they now send a letter requesting a commission of 7% you are almost certainly within your rights to reject it as the original terms did not make it clear that you would be further charged for the tenancy after the original term expired. If the tenant is carrying over there are no fees to pay Foxtons.

They have now amended their terms and conditions to make it clearer but they will lose commisssion on exiting tenancies where tenants hold over. Chek out legalbeagles for further info.