Money for nothing? OFT takes on Foxtons…

We are looking to redress the balance between tenants on one side and letting agents/landlords on the other.  In this case the OFT is tackling contract issues between landlords and lettings agents, perhaps next we can encourage them to take on contract issues between letting agents and tenants…

Essentially the OFT is looking to see whether the practice of charging a comission to landlords when an existing tenant renews is an unfair contract term.

We will be following this case with great interest to see whether there is a willingness to take on these inequalities.

http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=336181&Page=1