Tuesday, February 26, 2008

Foxtons in trouble

The OFT has issued High Court proceedings against Foxtons estate agents

The OFT has issued High Court proceedings against Foxtons Limited seeking a declaration on the application of the Unfair Terms in Consumer Contract Regulations 1999 (UTCCRs) to certain terms in Foxtons' lettings agreements with landlords. The OFT is also seeking an injunction against Foxtons preventing it from using the terms...

Posted by converted lurker @ 11:33 AM (1543 views)
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6 thoughts on “Foxtons in trouble

  • Hurrah!

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  • Good news for happless london BTLers with no busniess nouse.

    Pitty the government does nothing to imrove the rights of their tennants!!

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  • Get in.

    Let the infighting commence – is there a cable channel?

    “It was Toby”
    “Not me – Piers told me to do it”
    “Sarah isn’t wearing knickers again can we use that as an excuse”

    Etc. Etc. Etc.

    Anyone in the respraying Mini’s business?

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  • From what l have read these terms are not all completely unfair. Especially where a tenant buys the property. The law of estate agency 1979 says that where there is an effective introduction then a commission can be legally sought by the agent. If EA had not been involved at the outset then no sale to that tenant would have occurred. Also if a tenant stays on then EA have again helped the landlord by giving him/her a quality tenant. If EA are demanding a FULL fee even if they are not collecting the rent or managing the property that would be unfair. Also once the LL has sold the property then it would be unfair to be still charging. BTLers who don’t read contracts have themselves to blame if they end up being onerous.

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  • Buff the Stastards.

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  • A world without Foxtons puts a smile on my face 🙂

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