Government Announces Leasehold Fee Caps and First-Ever Property Agent Licensing
Orion Point flats, Isle of Dogs, London. The government says over five million leaseholders will benefit from its fee caps and agent licensing plans. (Representative image) Credit: Image © Acabashi / Wikimedia Commons (CC BY-SA 4.0) Government Announces Leasehold Fee Caps and First-Ever Property Agent Licensing The UK government has set out plans to cap the fees landlords can charge leaseholders and to introduce independent regulation of property agents for the first time, in a package of housing reforms announced on Tuesday. More than five million leaseholders and future homeowners are expected to benefit from the measures, which will need new legislation before they take effect. What has been announced The government will legislate to give the Secretary of State powers to introduce caps on "permission fees", the charges leaseholders must pay their landlord before making simple requests such as keeping a pet. The same powers will cover homeowners on privately manag...