DECEMBER 2024
Leasehold Reform
LEASEHOLD REFORM
CONSULTATION LAUNCHED BY THE GOVERNMENT ON INTRODUCING PERMITTED INSURANCE FEES
The Government have launched a Consultation seeking views on proposals to prevent freeholders, property managing agents and landlords from imposing on leaseholders opaque and excessive charges related to building insurance, often in the form of commissions.
Instead, they would only be able to charge a fair and transparent permitted insurance fee to leaseholders. Secondary legislation will set out what is permitted.
This consultation closes at 11:59pm on 24 February 2025
Full details of the Consultation can found via this link:
-874266898.jpg)
-
Government launches Consultation on introducing permitted insurance fees