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FirstPort charges leaseholders 33% commission on temporary staff recruitment

By Liam Spender on Aug 13, 2021 07:21 pm
FirstPort charges leaseholders 33% commission on temporary staff recruitment

And why so many?

By Liam Spender

Liam Spender is an LKP trustee and a leaseholder at the St David’s Square estate referred to in the article, which is managed by FirstPort.

Leaseholders at a FirstPort managed site in London are horrified to discover they are paying FirstPort a 33% commission for temporary staff recruitment. Leaseholders are also billed by FirstPort every time it takes on a new permanent employee.

The site, St David’s Square, is a pleasant riverside development of nine buildings and around 470 flats and houses near London’s Canary Wharf.

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RICS dreams up another feeble ‘code of practice’, as Lord Best’s statutory regulator of property managers falls victim to Covid

By Sebastian O'Kelly on Aug 13, 2021 06:26 pm
RICS dreams up another feeble ‘code of practice’, as Lord Best’s statutory regulator of property managers falls victim to Covid

Leaseholders are invited to tell RICS what they think about its latest code of practice … Lord Best’s proposals for a tough statutory regulator having got nowhere – in spite of the abuses seen in leasehold property management ad nauseam. Meanwhile, RICS has a few problems with noses in the trough closer to home, with accountants BDO warning that RICS was at risk of “unidentified fraud, misappropriation of funds and misreporting of financial performance’, according to The Times

Outside the walls of the Royal Institution of Chartered Surveyors (RICS) the reputation of residential property managers is pretty dismal and getting worse.

Continue reading RICS dreams up another feeble ‘code of practice’, as Lord Best’s statutory regulator of property managers falls victim to Covid at Leasehold Knowledge Partnership.


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