Friday, July 10, 2009
Foxtons ‘unfair’ can this be true?
The High Court has upheld an OFT decision that landlord contracts from estate agent Foxtons were unfair. The company, which developed a reputation in the boom years for hard-sell tactics and high fees, was accused of hitting landlords with repeat charges - renewal commission - even when it may have done no extra work to keep a tenant. The case, which has implications for other rental agents employing the same practices, reached the High Court after the Office of Fair Trading (OFT) deemed elements of Foxtons contracts with landlords in breach of the Unfair Terms in Consumer Contracts Regulations.