Earlier in the year the Competition and Markets Authority (CMA) conducted a study into the service provided by residential property management companies in England and Wales and have identified some concerns on how the market works.
As a result of the study it is the CMA’s intention to seek remedial action to improve the performance of the market and to provide leaseholders with a better outcome. The main issues that were highlighted were unnecessary or excessive charging for services, poor service quality, poor communication and insufficient transparency. At the moment we understand that the CMA are seeking possible remedies to the problems identified in order to develop recommendations for the industry.
Click here for more information
The freeholder of a garage block leased the airspace above some garages to a developer with the intention of constructing flats on top of each garage. This was opposed by a flat owner who stated that their lease gave them ownership to the parts that the developer proposed to be developed. The Court found in favour of the flat owner and rejected the developers argument that the roof and airspace should be excluded from the tenants’ ownership.
Did you know that there is an estimate of 2.8 million leasehold flats in England, according to the government.
Looking for a management company to look after them, contact us 01384 573 637 or email us firstname.lastname@example.org
At this unprecedented time we have made some operational changes and have closed our offices. The team are however still here to support you although for the time-being we will need your co-operation to communicate with us by email please.
Given the volumes we know we will not be able to reply immediately but if you could remain patient for the reply if applicable, you will most certainly receive a response but please resist the temptation to send several other emails, it will not only help us manage enquiries but enable us to identify any priority emails relating to emergencies etc
Rest assured we are doing everything we can, working within Government guidelines, to maintain services while at the same time protecting our staff, clients and contractors.
Finally, if we could ask you not to send any paper correspondence to our offices please, and to arrange for any payments to be submitted electronically it would be greatly appreciated.
Thank you for your understanding, look after yourselves and please stay safe.