New Clause 35 - Duty to notify purchasers of liability for estate management charges

Part of Leasehold and Freehold Reform Bill – in a Public Bill Committee am 4:00 pm ar 30 Ionawr 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Richard Fuller Richard Fuller Ceidwadwyr, North East Bedfordshire 4:00, 30 Ionawr 2024

I beg to move, That the clause be read a Second time.

New clause 35 seeks further to improve the rights of those who will be liable for estate management charges. We know from written and oral evidence that people do not know what they are getting into right at the start of the purchase of a property. My clause asks the Government to make it clear by regulations that purchasers of properties who will get management charges are notified about them. It would ensure that people have access to the latest set of accounts, enabling them not only to understand what charges may be due, but to see what liabilities there were in the past.