Whilst we acknowledge some leaseholders’ concerns with this approach— particularly the case that MHCLG should prioritise the shift to commonhold to give leaseholders greater control over the management of their blocks and the choice of managing agent—we believe that regulation of the sector is a necessary intervention to support all leaseholders, particularly those who are not able to benefit from conversion to commonhold. Managing agents will also continue to play a key role under the commonhold regime, as it is likely that many commonhold associations will opt to contract with them for services rather than run the blocks themselves, especially in larger and more complex blocks. Many of these contracts are likely to run for several years, and so the professionalisation of managing agents will be important for the success of commonhold. Whilst we recognise the Minister’s concern that the draft bill is already large, we do not believe this should require many additional clauses—the final bill could include regulation making powers to enable the establishment of an independent regulator, with further detail contained in secondary legislation. (Conclusion, Paragraph 116)