In the News - Foxtons

OFT launches High Court action against Foxtons

The Office of Fair Trading (OFT) began High Court action against Foxtons on Tuesday. The OFT is seeking an injunction to force Foxtons to remove unfair terms in its contracts with private landlords. The terms include an obligation for landlords to continue to pay Foxtons commission after an initial fixed period even if Foxtons played no part in arranging the extended tenancy or if the agency doesn't manage the property. The terms also force landlords to continue to pay Foxton's charges after the property has been sold and demands a commission if the landlord sells to the tenant even if Foxtons have not negotiated the sale. The OFT's decision to go to the High Court was prompted by a number of complaints by consumers and was featured in BBC's watchdog programme.

(Sources: Independent.co.uk Telegraph.co.uk Guardian.co.uk Times Online)

Posted by Plebble Admin at 10:06 on 28-Feb-2008