The Office for Fair Trading (OFT) has launched a new investigation into residential property management services
- whether managing agents’ and freeholders’ choice of contractors and services may be influenced by links with associated companies and the availability of financial commissions
- whether it works well in practice when leaseholders exercise their right to manage their own properties.
Clare Butcher, who manages Palmers’ residential<!–> property team, said: “Leaseholds properties can be complex from a legal perspective but leaseholders should be able to expect an appropriate level of service from the freeholder and property management company in return for the charges they pay.
“Our experts can advise leaseholders on issues including disputes over service charges or getting repairs done as well as leasehold extensions and enfranchisements. For more information, please contact our Property and Conveyancing team.”