LATEST NEWS & UPDATES
 

DECEMBER 2024

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Leasehold Reform

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LEASEHOLD REFORM

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CONSULTATION LAUNCHED BY THE GOVERNMENT ON INTRODUCING PERMITTED INSURANCE FEES

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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

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Full details of the Consultation can found via this link:

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