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Written question asked by Caroline Voaden (Liberal Democrat) on Tuesday, 19 November 2024, in the House of Commons. It was due for an answer on Thursday, 21 November 2024. It was answered by Matthew Pennycook (Labour) on Wednesday, 27 November 2024 on behalf of the Ministry of Housing, Communities and Local Government.

Property Management Companies: Competition

Question

To ask the Secretary of State for Housing, Communities and Local Government, if she will have discussions with the Competition and Markets Authority on the potential impact of large estate management companies on (a) role of SMEs, (b) the ability of SMEs to expand in the estate management sector and (c) consumer choice for residents.

Answer

Managing agents are contracted by landlords to deliver services on their behalf. Details of services provided are usually set out in a management agreement between the agent and landlord.

The government’s response to the Competition and Markets Authority’s market study into housebuilding, which included consideration of management on private estates and homeowner choice over their estate management company, was published on 22 October. It can be found on gov.uk here.

As set out in my Written Ministerial Statement to parliament of 21 November 2024 (HCWS244), the government is clear that it is committed to bring the injustice of ‘fleecehold’ private estates and unfair costs to an end and we will consult next year on the best way to achieve this.

Secondary information

Type
Written question
Reference
15038
Session
2024-26
Related items
Leasehold and Commonhold Reform
Thursday, 21 November 2024
Written statements
House of Commons
Grouped for answer
Yes
Subjects
Competition Small businesses Property management companies
Link
View this Written question on www.parliament.uk