8th Jun 2015 10:07
LONDON (Alliance News) - London law firm Leigh Day is attempting to launch a class action against Foxtons PLC on behalf of private landlords, alleging the estate agent group has been overcharging landlords when it let or managed their properties, The Guardian reported Sunday.
The law firm, which is taking the case on a no-win-no-fee basis, is attempting to sign up landlords to its claim, according to the newspaper.
?We are satisfied though that our fees are clearly laid out within our terms and conditions and that approvals are obtained from our landlords before works commence on their property," a Foxtons spokesman told the newspaper. "Due to the volume of work we provide we are able to achieve discounted rates offering competitive value with the benefit of efficiency, availability and quality of work that many landlords would not be able to achieve on their own.?
Foxtons shares were down 4.4% at 236.72 pence Monday morning.
http://www.theguardian.com/business/2015/jun/07/foxtons-commission-charge-sparks-legal-action-from-landlords
By Steve McGrath; [email protected]; @stevemcgrath1
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