OFT cuts deal with Tchenguiz on leasehold retirement sub-letting fees, but exit fees on sale still stand

The Office of Fair Trading has secured undertakings from Fairhold Homes Ltd and associated companies controlled by the Tchenguiz Family Trust to change how they charge retirement leasehold transfer fees at their 53,000 retirement developments. The OFT has been investigating exit fees, which are payable when a tenant sells or lets out their retirement home … Continue reading OFT cuts deal with Tchenguiz on leasehold retirement sub-letting fees, but exit fees on sale still stand