Bill to mandate landlord insurance commission disclosure before Lords
The House of Lords is reviewing an amendment to the Leasehold Reform (Disclosure and Insurance Commissions) Bill which states that landlords should disclose any insurance commission they make to tenants.
In the Bill amendment document it is stated that the move was designed to: “Amend the Landlord and Tenant Act 1985 to prevent landlords recovering service charges where they have failed to comply with their disclosure obligations under that Act; to commence section 21A of the Landlord and Tenant Act 1985 insofar as is it not already in force; to require landlords to disclose commissions earned on insurance policies; and for connected purposes.”
The issue of landlord and broker commission in the
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