Submitted by Tiffany Gale on Friday 1st November 2024
Published on Tuesday 26th November 2024
Current status: Closed
Closed: Monday 26th May 2025
Signatures: 1,386
Relevant Departments
Tagged with
Charged ~ Companies ~ Cost ~ Cost of living ~ country ~ Economy ~ fund ~ Managed ~ Owned ~ property ~ Reasonable ~ Regulations ~ Regulators ~ Retain
Cap all property management fees and service charges
Property management companies managing privately owned properties have some regulations, however, we think they are insufficient as some leaseholders and tenants are being charged fees which we believe are extortionate as there is no maximum that they can charge.
Currently, charges should be "reasonable", which we feel is very open to interpretation. With current cost of living pressures, many people might not be able to fund the fees that management companies are charging. We feel the charges are often nonsensical. If the people could retain these funds they might use it in a more beneficial way to support the country's economy.
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216.73.217.17 Wed, 24 Jun 2026 17:48:00 +0100