Leaseholders: Management Companies Debate
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Viscount Hanworth
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Leaseholders: Management Companies
Viscount Hanworth Excerpts(1Â month ago)
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Baroness Scott of Bybrook (Con)
My Lords, we are looking more closely at this issue, because the noble Lord is right—sometimes it can be more difficult. We have also recognised the participation rates, which can be affected by foreign owners. We have listened to the arguments raised in Committee and by MPs in the other place, and we will continue to consider the issues raised.
Viscount Hanworth (Lab)
My Lords, is the Minister aware of the extent of a stratagem whereby companies have acquired freeholds with the intention of removing the leaseholder occupants by undertaking works on the properties that the leaseholders cannot possibly afford to pay for? By these means the freeholder expects to compel the occupants to sell up. What redress is there against this stratagem?
Baroness Scott of Bybrook (Con)
I am not aware of this strategy on the part of freeholders, but I will look into it and come back to the noble Viscount.