With energy prices sky-rocketing, Rendall & Rittner leaseholders will be concerned to learn that their managing agent receives £969,000 a year in commission on communal gas and electricity supplies.
According to a letter posted on Rendall & Rittner’s blog, the commissions are paid at the rate of 0.03 pence per unit (kilowatt hour) of electricity. Gas attracts a lower commission of 0.015 pence per unit.
According to the letter, Rendall & Rittner estimates it buys of 182 gigawatts of electricity and 282 gigawatts of gas each year.
Sonia McColl OBE addresses the All-Party Parliamentary Group on leasehold and commonhold reform in December 2017 after her park home was stolen following numerous efforts at intimidation, including she claims death threats. Two were later convicted for the theft of her home.
Park home owners – often pensioners being pushed around in the same way as leaseholders but with menace and occasional criminality thrown in – are marching on Westminster on Monday October 24 at 11.30.
Liam Spender is a solicitor and trustee of the Leasehold Knowledge Partnership. He lives in a leasehold flat in London. The views in this article are personal and do not constitute legal advice.
On 21 September, the Financial Conduct Authority (FCA) published its long-awaited report on insurance in leasehold blocks. The report was requested by Michael Gove earlier this year and had been delayed several months.
The FCA reviews the provision of insurance, including cladding-affected blocks, as well as broader issues of insurance commissions and disclosure of information.