We have a problem, and it isn't simply the existence of rogue managing agents. It's the growing belief that the cost of managing residential buildings can somehow be reduced through regulation alone, without understanding what it actually takes to manage them properly.  At the Labour Party Conference on 29 September 2026, a significant statement to millions of leaseholders across the country was made, promising a new Leasehold Reform Bill before Christmas. Politically, it's an attractive promise, and for leaseholders frustrated by years of rising costs, poor transparency and sometimes appalling treatment, we completely understand why it would be welcomed. But there's a problem with statements like this. They create expectations. They suggest that, once reform arrives, the financial pressures associated with owning and maintaining a leasehold property will somehow begin to disappear.  That simply isn't how residential property management works.