questionText: To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department is taking to ensure that leaseholders’ reserve funds are (a) legally protected, (b) transparently accounted for and (c) subject to independent oversight.
answerText: Landlords and managing agents are responsible for handling billions of pounds of service charge monies each year, including reserve fund monies. Service charge monies are legally protected since they must be held in trust and at a financial institution au...
heading: Leasehold: Service Charges