Landlords have been complaining about the hidden estate agents costs in letting agent agreements for some time.
In an example here in thea landlord is taking one agent to court over the cost of a light fitting repair and replacement. Many landlords are not Buy to Let landlords but are renting out their family home while working overseas or in another art of the UK.
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Hidden Estate Agents Costs – The Legal case
It is clear that some agents are not making it clear and transparent to both the landlords and the tenants all of the costs that might be incurred. Does the agency add anything to any contractors Invoice to cover admin? If the tenant decides to buy the property is the agent entitled to a sales commission? All of these issues should be clear and obvious from the agreement.are acting for several landlords against Foxtons and in the Youtube video below explain their view of the case.