Property Management Companies
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of trends in the number of (a) properties and (b) property management companies owned by private equity firms on (i) service charges paid by and (ii) the quality of services provided to residents of leasehold properties.
Answered by Matthew Pennycook
My Department does not hold data on the impact of properties and property management companies owned by private equity firms on service charges and the quality of services provided to residents of leasehold properties.
On 4 July, the government published a consultation on strengthening leaseholder protections over charges and services. It can be found on gov.uk here. For an overview of the proposals set out in the consultation, I refer the hon. Member to the associated Written Ministerial Statement (HCWS780). We invite views on the proposals from leaseholders and all those involved in managing leasehold buildings.
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