HML Property and Estate Management Subsidiaries receive Leasehold Knowledge Partnership Accreditation to show its continued support of transparency within the industry

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HML Holdings plc is pleased to announce the accreditation of its property and estate management subsidiary companies, HML Andertons, HML Hathaways, HML Hawksworth and HML Shaw (HML), by the Leasehold Knowledge Partnership (LKP). HML is now the largest firm to be accredited, with 33,500 units under management. LKP is an independent organisation which aims to ensure fair treatment of leaseholders by landlords and managing agents.

We recognise that leaseholders have a right to know how their money is being spent and to be treated with respect.

The media has highlighted a number of cases in recent years where leaseholders have suffered through high fees, commissions and unreasonable charges levied by those responsible for the management of their developments. LKP has introduced a comprehensive accreditation process which agents must undergo if they wish to become affiliated.

Sebastian O’Kelly of LKP says: “The Leasehold Knowledge Partnership exists to protect ordinary leaseholders from being fleeced by some landlords and their agents who exploit the many opportunities offered by this flawed form of property tenure. LKP seeks to identify and accredit property managing agents who sign up to open accounting and straight dealing.”

Commenting on the achievement, Robert Plumb, Chief Executive Officer of HML Holdings plc said: “We at HML have always practised an open, honest and transparent approach to property management and are fully supportive of Leasehold Knowledge Partnership’s drive to make our industry more accountable. We recognise that leaseholders have a right to know how their money is being spent and to be treated with respect. Sadly residential property management has received negative publicity and harsh criticism, some of it fair and appropriate and some of it as a result of misunderstandings that arise from poor transparency. We welcome LKP’s initiative to encourage openness and accountability.”

For more information about HML Holdings please visit http://www.hmlholdings.com or contact us on 020 8439 8529.

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Robert Plumb

Sian Lewis
HML Holdings plc
+44 208 439 8529
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