Leasehold Properties: Managing Agents Debate
Full Debate: Read Full DebateBaroness Taylor of Stevenage
Main Page: Baroness Taylor of Stevenage (Labour - Life peer)Department Debates - View all Baroness Taylor of Stevenage's debates with the Ministry of Housing, Communities and Local Government
(1 year, 5 months ago)
Lords ChamberMy Lords, estate agents are regulated through the Estate Agents Act 1979. As I said, that is currently enforced through the National Trading Standards estate and letting agency team, which makes it very clear that estate agents are expected to exercise due diligence and check whether the information on anything they are selling is correct. The Government expect all property agents to ensure that customers are aware of anything to do with the property that they are negotiating on and to work within those trading standards rules and regulations.
My Lords, we keep getting vague promises about action being taken on leaseholder reform. For all leaseholders, the prospect of hikes in their service charges hangs over them like a sword of Damocles. It is about time that this was sorted out. The present provisions are too opaque and leave leaseholders at the mercy of unscrupulous managing agents. If we are to have transparency of service charges, when will this reform come forward? Please can we have a bit more clarity about when the Government will tackle it?
The noble Baroness is absolutely right: leaseholders need that transparency to better understand what they are paying for and for it to be harder for landlords to hide any unreasonable charges. As I said, we are looking at it. We will bring forward legislation later in this Parliament.