Advice
TTAS has collated all the information you need to know when it comes to dealing with property management companies.
The reason for this is because, it would appear that since the year 2000 any new build developments that have been built are no longer the responsibility of the council, as planning permission is only granted on the condition of a Section 106 agreement.
This means that leasehold properties and freehold properties are now required to pay service charges to property management companies, who have been appointed by the developers to maintain private road, common areas, communal areas and other services.
Property Management appears to be a licence to print money, whereby the property management company can increase premiums at any time for providing little or no services.
You can find out more in terms of the options available to you and more info on the property management industry by clicking any of the links below:-
Leasehold Valuation Tribunal (LVT)
Power of Property Management Companies
Why Are There Property Management Companies?
