Leaseholders and Property Management Companies

Lord Flight Excerpts
Thursday 29th April 2021

(2 years, 11 months ago)

Lords Chamber
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Lord Greenhalgh Portrait Lord Greenhalgh (Con)
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Clearly not, my Lords.

Lord Flight Portrait Lord Flight (Con)
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My Lords, is there evidence that property management companies are more effective than leaseholders in managing the upkeep of communal areas? Does there need to be the same redress route if the freeholder also acts as the property manager? Can the Minister advise whether the Government intend to bring forward legislation to extend the requirement of membership of redress schemes to freeholders where no managing agent is employed?

Lord Greenhalgh Portrait Lord Greenhalgh (Con)
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My noble friend will know that there are various reasons leaseholders may exercise the right to manage, and the Government are committed to simplifying the process. I point out that many right-to-manage companies choose to employ a managing agent. In response to his second point, the Government intend to require freeholders of leasehold properties who do not employ a managing agent to join a redress scheme, and we will bring forward legislation when parliamentary time allows.