Rent Collection Solicitor
The Rent Collection Service from R. James Hutcheon Solicitors is a low cost rent collection and landlords legal protection service for private residential landlords in the UK.
Rent Collection & Private Landlord Information
- By Rent Collection Solicitor
- Published 13/01/2008
The issue of unfair tenancy renewal contracts that many private landlords complain about has been investigated by the BBC Watchdog TV programme. Watchdog contacted 50 letting agents in the UK to compare what each agency charged landlords for tenancy renewals. Of the 50 letting agents only 15 charged a flat renewal fee of between £25 and £150 pounds per tenant. The majority of letting agents charged a renewal fee as percentage of total revenue under the tenancy agreement.
Click Here For Renewal Fees Legal Challenge Article
One example of over charging was London based letting agency Foxtons. Foxtons charged one particular private landlord 11% upfront. Other letting agencies charge up to 12.5% commission for tenancy renewals and many landlords are unhappy about tenancy renewal fees as they do not represent any reflection of work done by letting agents after a tenant has been found to occupy a property in the first year.
Linked Articles:
OFT Vs Foxtons - Case Update
Letting Agents Face Legal Challenge Over Fees
OFT To Sue Foxtons Over Unfair Tenancy Charges and Contracts
Letting Agency Fees Reduce Landlords Profits
Click Here For Renewal Fees Legal Challenge Article
One example of over charging was London based letting agency Foxtons. Foxtons charged one particular private landlord 11% upfront. Other letting agencies charge up to 12.5% commission for tenancy renewals and many landlords are unhappy about tenancy renewal fees as they do not represent any reflection of work done by letting agents after a tenant has been found to occupy a property in the first year.
Linked Articles:
OFT Vs Foxtons - Case Update
Letting Agents Face Legal Challenge Over Fees
OFT To Sue Foxtons Over Unfair Tenancy Charges and Contracts
Letting Agency Fees Reduce Landlords Profits
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3 Responses to "Tenancy Renewal Fees Investigated BY BBC Watchdog" 
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said this on 27 Feb 2008 8:50:43 AM UTC
The Office of Fair Trading (OFT) are now taking Foxtons Letting Agency to court over unfair contracts and tenancy fees also.
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said this on 20 Apr 2008 9:40:38 PM UTC
i read an interestimng agrument FOR fees...www.mypropertyguide.co.uk/articles/display/10014/agents-renewal-fees.htm
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said this on 23 Sep 2008 7:21:31 PM UTC
I am so glad someone is finally doing something about these incredible ripoffs happening to landlords by letting agents. My experience of letting agents is not only that they charge exhorbitant fees, but I have also had them falsify credit checks on prospective tenants in order to get a lucrative 'deal' and these tenants were actually quite big risks.. their finances NEEDED falsifying in order to be acceptable! So THIS is the kind of service one gets from supposedly 'reputable' London letting agents, and pays exhorbitant fees for.. you´re much more likely to get decent tenants if you interview them yourself, get proof of ID and look at their bank statements for the past three months. None of the credit checks or letting agents will do anything as good as that, and a genuine tenant won´t mind providing those details. Then you know you all get on ok which is the main thing, and there isn´t a middleman ripping either side off and creating a situation ripe for disaster.
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