By Andrew Stone2019-10-24T16:00:00
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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