A report in the Times today confirms,what we all suspected would happen as soon as the Banks decision was announced, ie that Foxtons will be appealing the High Court decision against them in the claim brought by the Office of Fair Trading. As you will remember, the OFT brought a claim against Foxtons claiming that…
The Supreme Court decision in the OFT case against the banks has been handed down today, and to the surprise of many it is in favour of the banks rather than the OFT. This will also impact on the OFT v. Foxtons case, as I understand Foxtons were waiting for this decision to be published before deciding whether…
You are a landlord. You are not a ‘professional landlord’ (i.e. you do not have a large portfolio and landlording is not your main business). You have paid commission to your agent (who may or may not be Foxtons) in the past, even though they were not managing the property. The commission was charged under…
I was very amused, while surfing the internet recently, to find that there is a whole web-site dedicated to hating Foxtons – www.wehatefoxtons.com. If you are interested in the landlord business and have a spare few minutes, it is worth a look, if only for the amusing spats between those posting (which include landlords, tenants,…
There is still quite a bit of confusion regarding the recent decision in the case of the Office of Fair Trading (OFT) v. Foxtons (which I reported on here). One of the questions being asked is what exactly is the status now of clauses providing for commission on renewals? I should make it clear here…
Landlords up and down the land will be jumping with glee at the Office of Fair Trading (OFT)’s victory over Foxtons regarding their unfair contract terms. To read the background to this, see my previous posts here and here. The OFT was challenging the clauses under the Unfair Terms in Consumer Contracts Regulations 1999 (The…
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Foxtons withdraws appeal
Two property web-sites have been reporting that Foxtons have withdrawn their appeal to the Court of Appeal against the High Court decision against them last year. You will find a summary (as at October 2009) of my previous posts on the OFT v. Foxtons case here. The two articles that I have seen are on the PainSmith Blog…