Managing Agents (Regulation) Bill

The Managing Agents (Regulation) Bill introduces a regulatory framework to oversee managing agents who handle residential properties, particularly in the leasehold sector. The bill establishes licensing requirements, professional standards, and conduct rules for managing agents, aiming to protect leaseholders from poor service, excessive fees, and unfair practices. It creates a complaints mechanism and enforcement powers to ensure managing agents comply with standards. This addresses longstanding issues where leaseholders have had limited recourse against underperforming or unscrupulous managing agents.