Why Regulation Is Being Considered
Some leaseholders have experienced poor management practices such as:
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Lack of transparency in service charges
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Poor communication
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Inadequate maintenance oversight
Stronger regulation aims to improve professionalism across the industry.
Potential Changes
Future reforms may introduce:
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Mandatory qualifications for managing agents
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Industry regulation and licensing
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Improved consumer protections
Professional managing agents will play an increasingly important role in ensuring buildings are managed responsibly.
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