OFT launches a market study into residential property management services to leaseholders in England and Wales - .PDF file.
By Alexandra Brown
On 4 March 2014, the Office of Fair Trading (OFT) launched a market study into residential property management services. It intends to look at how this market is working for leaseholders and freeholders in England and Wales. Scotland and Northern Ireland are outside the scope.
This announcement follows the OFT’s call for views in December 2013 on the scope of a proposed study. Off the back of the responses it received, the OFT has widened its investigation to include residential property management services for properties where local authorities and housing associations are the freeholders, as well as those with private sector freeholders.
The OFT has identified the following, which it considers may raise issues in relation to the proper functioning of the market…
Click on the link below to read the rest of the Shoosmiths briefing.