Office of Fair Trading & licensing issues
The Office of Fair Trading (OFT) is the regulatory body charged with monitoring participants in the management and letting rights industry.
The OFT is entitled to spot-check letting licensees, and can do that at any time. Of course, if every ‘i’ is dotted and ‘t’ crossed, then all will be well. However, where compliance issues are identified by the OFT, enforcement actions may be taken that can severely damage your business.
Licensing compliance
Being proactive in meeting all statutory requirements is always the best path to take. We can help you understand your obligations under the relevant laws and regulations, and ensure your management rights business will pass with flying colours should an OFT spot-check occur.
OFT investigations
We have acted for many clients in their OFT issues, with a focus on getting commercial outcomes. With years of experience in dealing with the OFT and the management and letting rights industry, we know that litigating (or defending a claim) is not always the best way to resolve an issue, and can help you navigate the best path forward for your situation.
Find out more:
Management rights and dealing with the Office of Fair Trading [BLOG]