renewals commission

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Carol_623
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What is happening regarding renewals now following the Foxtons ruling. i am a landlord in central London and it seems most agents have reduced the renewals commission from 10% to 8% in year 2 and some will reduce to 5% in year three. Any idea how much leeway there is in this - have you heard of agents offering less than this?
Carol
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13/09/2009 00:00

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