Section 20 – what Managing Agents need to know
The property management industry has been left in disarray following the decision reached in the case of Philipps and Goddard v Francis  late last year.
The fact that managing agents must now consult with residential tenants in relation to ALL works, even standard routine repairs, could have a detrimental effect on the industry as a whole – and, ironically, tenants are also in the firing line as, while the situation is not reversed, they will be hit by the extra 10% charge managing agents will no doubt seek for these repairs, in addition to their standard management fee.
Although the decision is likely to be appealed, the process is going to be a lengthy one – and in the interim managing agents need to act quickly if they are to avoid getting in to trouble. My colleague Janice Northover shares her expert insight on Letting Agent Today advising on what their next steps should be…
Please click here to read her piece in full.