Sunday, 12 July 2009

Foxtons ruling means landlords can recover £millions

A landmark High Court ruling against London letting agents Foxtons could mean that landlords throughout the UK are able to recover £miilions in fees previously paid to agents.

Mr Justice Mann ruled that leasing agreements made by Foxtons unfairly overcharged commission to landlords. Foxtons was among many letting agents in London and the South East to run these agreements. As a result of the court ruling, landlords across the country can now issue proceedings to recover overpaid charges for the past 14 years on existing contracts.

For more information click here The Times article.