A company offering bungs to managing agents if they sign up for new gas and electricity supplies is being touted to … all the members of the Association of Residential Managing Agents!
An outfit called Energy Renewals is offering what it politely terms “incentive payments” of between £3,000 and £50,000 a year.
Major corporate clients – such as the larger, national managing agents – can do better still with payments of £50,000 to £250,000.
And the brilliant thing about it is that the leaseholders don’t have to be told anything about these payments and can be relied upon to keep paying up in blissful ignorance.
The incentives – which are rewards for spending other people’s money – can go straight into the pockets of managing agents, or freeholders.