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The Government should require all property management companies responsible for issuing service charges in residential apartment complexes to publish annual management accounts within 12 months of each financial year end and publish them on a publicly accessible portal, similar to Companies House.
React
Members can read every reason.
Right to Manage Information for Leaseholders
A resident has provided information about the Right to Manage (RTM) scheme, which allows leaseholders to take over building management from their landlord under the Commonhold and Leasehold Reform Act 2002.
Require councils to conduct annual survey of all local properties.
We believe an annual survey of residential and business properties would allow local council to establish empty accommodation and unlawful businesses who are not registered or paying tax or national insurance contributions.
Cap service charges & require publication of how they are calculated and spent
We urge the government to: 1. Cap service charges fairly, in line with existing rent controls 2. Require transparent publication of how these charges are set and used. We think this is needed to help protect tenants from unfair costs and keep housing affordable and fair.
Make MPs and Ministers publish yearly verified reports of assets and debts
Create a law requiring all MPs, Ministers and senior civil servants to file an annual declaration of total assets and debts (value ranges), the country of all bank or investment accounts, and any rise in overall capital. Verified independently and published yearly to improve transparency.
High costs for leasehold management information pack
Property sellers are being charged £300 for a Management Information Pack, which is equivalent to three years of management fees. Residents are questioning the fairness of this charge.
The Government should require all property management companies responsible for issuing service charges in residential apartment complexes to publish annual management accounts within 12 months of each financial year end and publish them on a publicly accessible portal, similar to Companies House.
React
Members can read every reason.
Right to Manage Information for Leaseholders
A resident has provided information about the Right to Manage (RTM) scheme, which allows leaseholders to take over building management from their landlord under the Commonhold and Leasehold Reform Act 2002.
Require councils to conduct annual survey of all local properties.
We believe an annual survey of residential and business properties would allow local council to establish empty accommodation and unlawful businesses who are not registered or paying tax or national insurance contributions.
Cap service charges & require publication of how they are calculated and spent
We urge the government to: 1. Cap service charges fairly, in line with existing rent controls 2. Require transparent publication of how these charges are set and used. We think this is needed to help protect tenants from unfair costs and keep housing affordable and fair.
Make MPs and Ministers publish yearly verified reports of assets and debts
Create a law requiring all MPs, Ministers and senior civil servants to file an annual declaration of total assets and debts (value ranges), the country of all bank or investment accounts, and any rise in overall capital. Verified independently and published yearly to improve transparency.
High costs for leasehold management information pack
Property sellers are being charged £300 for a Management Information Pack, which is equivalent to three years of management fees. Residents are questioning the fairness of this charge.
