Landlords have high hopes for commonhold
Original Article Summary
The vast majority of landlords hope commonhold will prove vital to improvements in the sector. Almost half of the landlords polled (46%) said they were hoping for lower service charges under the new system. More specifically, just over a fifth (21%) said they were looking forward to better maintained buildings and the opportunity to charge […] The post Landlords have high hopes for commonhold appeared first on PropertyWire.
PropMatch Curated Analysis
Survey reveals 90% of landlords expect commonhold to reduce service charges and improve building maintenance, though half worry about mismanagement risks and securing 100% leaseholder agreement.
Investor Relevance
Critical for apartment block investors as commonhold will replace leasehold for new flats, potentially reducing service charges (46% expect this) and enabling higher rents through better maintenance (21% expect this), while creating new management challenges.
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