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ARMA welcomes Commons debate on leasehold reform

20th December 2016|POSTED BY: Admin

As the leading trade body for residential managing agents in England and Wales, ARMA (the Association of Residential Managing Agents) has long campaigned for improvements in leasehold legislation, which is why it welcomed the debate on leasehold and commonhold law reform in the House of Commons today (Tuesday 20th December).

ARMA CEO, Dr Nigel Glen, said: ”There was a robust debate in the House of Commons highlighting examples of poor practice across the spectrum of leasehold activity and it was agreed across both sides of the House that reform was desirable. It was pleasing to note that ARMA was cited by two MP's as a force for good in the leasehold sector.”

The Association would like to see the Commonhold and Leasehold Reform Act extended to include regulation for property management companies (known as managing agents). Currently the leasehold management sector is unregulated, so anybody can set up as a managing agent and start trading. ARMA works with its members to promote the highest standards of leasehold management.

ARMA lobbied government for regulation to raise professional standards for over 10 years and was a driving force in the DCLG Task Force which drew up the framework for regulation. In 2010, the Coalition announced that it did not intend to proceed with statutory regulation. ARMA subsequently drew on that framework to introduce the ARMA-Q self-regulatory regime for its members, following an independent review headed by Baroness Hayter.