Completed petition To legislate to give freeholders in new build properties the right to manage their own estates
The Commonhold and Leasehold Reform Act 2002 gives leaseholders the right to acquire the landlord’s management functions by transfer to a company set up by them. This same right does not apply to freehold owners on new developments, who have to pay a service charge to a company appointed to manage their estates. As a result they have no control over the amount of their service charge or maintenance issues. There needs to be reform to protect homeowners from excessive charges and poor management
More details
There is more information on fleeceholding here: https://hoa.org.uk/2016/11/problems-facing-freeholders-new-developments/
and here: https://www.propertyweek.com/legal-and-professional/will-the-freehold-properties-bill-put-an-end-to-fleeceholding/5101043.article
This petition was considered by the Petitions Committee
Find out about the Petitions Committee’s discussion of this petition