FOI - GLA Property Management Fees data
Summary of request
I’m interested in any data you may have around fees paid by leaseholders to property managers, mainly with regards to service costs and management fees. I found the following report from 2012 on your website:
In it you have statements such as “we charge a management fee which is 15 per cent of the leaseholder’s total service charges with a minimum charge of £50 capped at £500” and “ARMA (the Association of Residential Managing Agents) estimates the average service charge bill to be around £1,800 – £2,000 per annum in London, although they can reach up to £5,000” – this suggests that you do have some data around this. Would it be possible to get that data and ideally a more up-to-date set of numbers than 2012 ones?