Notice

Leasehold schemes for the elderly management fee limit

Advice for private registered providers who own or manage retirement leasehold accommodation

Applies to England

Documents

Details

Updated 31 March 2024

This note advises private registered providers who own or manage retirement leasehold accommodation of management fee limits for the financial year 2024/25.

From 1 April 2024:

The basic limit will be: £600
The limit when management is contracted out to an agent who charges VAT will be: £688

These limits have been agreed with the Department for Levelling Up, Housing and Communities which has policy responsibility in this area.

Updates to this page

Published 18 March 2016
Last updated 1 May 2024
  1. Updated with information about the LSE management fee limit for 2024-25

  2. Fee limits updated as of 1 April 2023

  3. LSE guidance updated for 2022-23

  4. Information updated for 2021-22

  5. LSE limit updated for 2020/21.

  6. Leaseholds scheme for the elderly management fee limits updated for 1 April 2019.

  7. Leasehold schemes for the elderly (LSE) management fee limits updated for 2018-19.

  8. Text clarified in attachment (26 July 2017)

  9. Dates and fee limit updated (28 March 2017).

  10. First published.

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