Leasehold Reform - Ministerial statement | industry response from The Property Institute

“The recognition of the need to drive up standards through mandatory professional qualifications for managing agents as a basic standard is particularly significant. Further consideration of Lord Best’s recommendations on regulation is also encouraging. The Property Institute has long campaigned for reform around both these issues to protect residents.

“Ultimately, the minority of rogue operators must be stopped and unethical practice stamped out through independent regulatory oversight and enforceable competency and behavioural standards. We look forward to continuing to work with Government and industry to deliver the necessary reform.”