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Regulate the leasehold management industry
Sign up to Number 10 Petition

Petition content:

We the undersigned petition the Prime Minister to create a body which will oversee and regulate the leasehold management industry, enforce a proper code of conduct offering protection to owners of leasehold properties from unreasonable service charges and poor quality of service. More details

Submitted by Darren Rossiter – Deadline to sign up by: 15 April 2010

s: 359

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More details from petition creator

In the UK, owners of leasehold flats usually pay a monthly/annual charge to a management company appointed by the freeholder.

These companies are largely unregulated and can charge pretty much whatever they like. The services received are not always representative of the amounts charged.

There have been many disputes with a wide range of management companies. The Leasehold Advisory Service (Executive Non Departmental Public Body funded by Government) can intervene, but this can be costly for the leaseholder and even if victorious in a dispute, there's nothing to stop the company "offending" again.

There's also ARMA (Association of Residential Managing Agents) which does enforce a code of conduct, but membership is not compulsory.

Many leaseholders have found themselves paying huge charges to so-called management companies and received poor maintenance of their homes/developments. In some cases it is nothing short of daylight robbery.




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