Leaseholders and Property Management Companies

Lord Mann Excerpts

Thursday 29th April 2021 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, I am not sure that you can charge differentially because of the extent of a letting period. I know managing agents will seek to maximise their percentage within the market structure, but the law means that you have to justify what you charge.

[Lord Mann (Non-Afl)]

Local authorities have had a tendency to sell off their least desirable, most dilapidated small blocks of flats to private individuals, who then get managing agents and leave tenants in the worst poverty and the worst conditions. Does the Minister have a solution to the conundrum of how impossible it is to ever get those communal areas repaired?

[Lord Greenhalgh (Con)]

My Lords, we recognise the importance of having an overarching system of regulation and having it reviewed, which is why the noble Lord, Lord Best, is looking at that matter. There is also the Cambridge University review, looking at specific fees and charges, to which the Government will respond, taking into account the very scenario that the noble Lord paints.

As I have finished on time—I know that that is important to the Lord Speaker—I just want to say to him, what an amazing Lord Speaker you have been. In my first year in the House, I have really enjoyed your astute chairmanship.