Leasehold: Property Management Companies

Baroness Butler-Sloss Excerpts
Monday 19th February 2024

(3 months ago)

Lords Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Baroness Penn Portrait Baroness Penn (Con)
- View Speech - Hansard - - - Excerpts

I can. The Government have consulted on a range of options to reform existing ground rents, having legislated in 2022 to set all new ground rents at a peppercorn rate. Following the outcome of that consultation, we aim to legislate in the current Bill before Parliament. As I say, not only will we give leaseholders greater rights to transparency on what service charges are charged for, to ensure that they are reasonable, but we are changing the cost regime in the courts so they can challenge those charges where they think they are unreasonable.

Baroness Butler-Sloss Portrait Baroness Butler-Sloss (CB)
- View Speech - Hansard - -

My Lords, I have a friend who is trying to sell their flat in London. The managing agents took so long to respond to the requirement that they consented that the purchasers went away. Will this Bill do any good for that situation?