PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

MSE News: Compensation hope after High Court ruling on Foxtons

This is the discussion thread for the following MSE News Story:

"The property agent's renewal commission terms have been deemed unfair, leading to potential mass payouts to landlords ..."

OfficialStamp.gif

Comments

  • I will be watching this closely, as I am still being perstered by a LA with regards to an annual 6% charges that was in the initial contract(i know i know i should of read it entirely 1st)
  • wizk1
    wizk1 Posts: 911 Forumite
    Part of the Furniture 500 Posts
    It's not the landlords I feel sorry for... It's the poor tenants who effectively have had to pay the commission fees through their inflated rent. If anything, the landlord will be quids in as they won't be passing the benefit to the customer at the bottom of the chain.
  • I hope anyone recovering the fees remembers to correct their tax returns. They will almost certainly have claimed the fees as an expense.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • prudryden
    prudryden Posts: 2,075 Forumite
    I hope anyone recovering the fees remembers to correct their tax returns. They will almost certainly have claimed the fees as an expense.

    GG

    Good thought. However, I would think that the tax returns stay as they are and any reimbursements are entered as income in the year paid.
    FREEDOM IS NOT FREE
  • MSE_Guy wrote: »
    This is the discussion thread for the following MSE News Story:

    "The property agent's renewal commission terms have been deemed unfair, leading to potential mass payouts to landlords ..."
    Read the full story:


    I'm a (nice) landlord and got charged an additional 11% when a previous tenant wanted to stay in the property after the first 12 months. I paid KFH a hefty £1,300 in 2008. How do I go about trying to reclaim this money? Or is it only people who used Foxtons that will be able to get their money back?
    Any advice would be appreciated.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.7K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.