The price of knowledge
The price of knowledge
- 2001
- Estates Gazette (0124) 16 June 2001, 160(1) .
Looks at the problems surrounding non-retained agents. Describes the case of "Lady Manor Ltd v Fat Cat Cafe Bars" (West London County Court, Abs64439) and its implications. The key message from this judgment is that an un-retained agent who sends a 'cold mail' letter cannot expect a fee for the information provided in that letter. However, notes that an offer to provide further information at a price could result in a fee.
LADY MANOR LTD V FAT CAT CAFE BARS
NON-RETAINED AGENTS
FEES
INFORMATION PROVISION
ESTATE AGENTS
Looks at the problems surrounding non-retained agents. Describes the case of "Lady Manor Ltd v Fat Cat Cafe Bars" (West London County Court, Abs64439) and its implications. The key message from this judgment is that an un-retained agent who sends a 'cold mail' letter cannot expect a fee for the information provided in that letter. However, notes that an offer to provide further information at a price could result in a fee.
LADY MANOR LTD V FAT CAT CAFE BARS
NON-RETAINED AGENTS
FEES
INFORMATION PROVISION
ESTATE AGENTS