Residential property management set for tougher regulation

Block of flats

Source: Shutterstock/Roman Babakin

Residential property management is set to come under much tighter control.

This summer, a working group report by Lord Best argued for big changes to the residential property management industry and next year the Law Commission will publish its long-awaited proposals on how to improve resident-run right to manage (RTM) companies, how leasehold enfranchisement can be made easier and whether commonhold could provide a solution to all of this.

Regulation is coming for the residential property management industry, and there are signs that the sector is already reacting to this.

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