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This briefing provides an outline of the current regulation of estate agents. It also looks at past market studies and consultations and considers in detail proposals to tighten regulation.
This briefing provides an outline of the current regulation of estate agents. It also looks at past market studies and consultations and considers in detail proposals to tighten regulation.
To ask Her Majesty’s Government whether they plan to extend the requirements of the Consumers, Estate Agents and Redress Act 2007 and the Enterprise and Regulatory Reform Act 2013 to require landlords of leasehold properties to belong to a redress scheme.
To ask Her Majesty’s Government whether they plan to extend the requirements of the Consumers, Estate Agents and Redress Act 2007 and the Enterprise and Regulatory Reform Act 2013 to require landlords of leasehold properties to belong to a redress scheme.
The Government is not persuaded that more burdensome approaches to regulate landlords would be effective. Leaseholders in dispute with their landlord can apply to the First-tier Tribunal (Property Chamber) in England and the Leasehold Valuation Tribunal in Wales to seek redress.
The Government is extending leaseholders’ access to redress by including provisions in the Housing and Planning Act 2016 that will address an irregularity concerning the inability of courts and tribunals to restrict recovery of a landlord’s legal costs from leaseholders as administrative charges, where they consider a restriction on recovery to be just and equitable. The Government plans to introduce related secondary legislation by summer 2017.