Leasehold: Service Charges
Commons · Question 81018 · Tabled 10 Oct 2025 · Ministry of Housing, Communities and Local Government · Official record
Answered 20 Oct 2025
Question
Asked by Joshua Reynolds
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
Answer
Answered by Matthew Pennycook, 20 Oct 2025
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...