Leasehold: Property Management Companies Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Baroness Butler-Sloss
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Leasehold: Property Management Companies
Baroness Butler-Sloss Excerpts(9 months, 1 week ago)
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Baroness Penn (Con)
I can. The Government have consulted on a range of options to reform existing ground rents, having legislated in 2022 to set all new ground rents at a peppercorn rate. Following the outcome of that consultation, we aim to legislate in the current Bill before Parliament. As I say, not only will we give leaseholders greater rights to transparency on what service charges are charged for, to ensure that they are reasonable, but we are changing the cost regime in the courts so they can challenge those charges where they think they are unreasonable.
Baroness Butler-Sloss (CB)
My Lords, I have a friend who is trying to sell their flat in London. The managing agents took so long to respond to the requirement that they consented that the purchasers went away. Will this Bill do any good for that situation?