A Consultation Paper on Regular Statements of Accounts and Designated Client Accounts: Summary of responses

Published	16 January 2008
Type(s)	Consultation responses
Site	Housing
Product code	07HHS05044
Price	Free

Summary

This document provides a summary of the responses received to the Consultation Paper on Regular Statements of Account and Designated Client Accounts, published in July 2007.

The consultation put forward a number of proposals for the implementation of sections 152 and 156 of the Commonhold and Leasehold Reform Act (the 2002 Act), which will impose requirements upon landlords in connection with accounting for and the holding of service charge monies. This followed earlier consultations covering these sections and an announcement that we would not be implementing s152 in its current form .

This paper contains a breakdown of the numbers of responses received, and an indication of some of the comments made but does not purport to give a full account of all of the suggestions or comments made. It would not be possible to do so in this document because of the large number of suggestions received, and the range and complex nature of the issues discussed. In addition, it should be noted that not all of the respondents commented on or responded to every question raised as part of the consultation exercise. This includes where certain proposals only applied to certain sectors and so the total responses received to each question differ.

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