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Todays proposal by the Office of Fair Trading (OFT) to launch a market study into residential property management has been welcomed by the industrys trade body, ARMA.

The OFT has announced its intention following complaints of over-charging and poor quality of service by some managing agents.

It follows years of campaigning by ARMA and consumer organisations to introduce statutory regulation of the residential leasehold management sector.

The absence of regulation means that... Read More ...

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Permission to appeal granted in Philips v Francis

19th November 2013|POSTED BY: Admin

Permission to appeal has been granted in the landmark Philips v Francis case. ARMA welcomes this move and hopes it will lead to greater clarity on Section 20 consultations.

The ruling made in December 2012 overturned accepted legal views on how landlords and their agents should comply with Section 20 consultation.

The judge ruled that consultation costs should be calculated culminatively on the basis of work to be carried out in the course of a year - not just on individual 'm... Read More ...

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ARMA-Q OPEN FOR ACCREDITATION

1st November 2013|POSTED BY: Admin

Managing agents can now apply for accreditation under ARMA-Q the landmark self-regulatory regime for the residential leasehold management sector.

The new regime, which has received cross-party support, has been developed by the industrys trade body ARMA and contains a number of measures specifically designed to protect leaseholders.

ARMA agents are now regulated by an independent panel led by former housing minister Keith Hill. Mr Hill is supported by nine lay members. It's the f... Read More ...

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At the ARMA Conference in October, we caught up with Peter Bolton King, Global Residential Director at RICS, and asked him what he thinks about ARMA-Q. ...

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Watch: Keith Hill's 2013 ARMA Conference speech

22nd October 2013|POSTED BY: Admin

ARMA's Regulator, The Right Honourable Keith Hill, addressed over 500 delegates at the ARMA Conference on 10th October. He said: "The leasehold sector is on the cusp of transformatory change, and the best of the sector is willing it already through ARMA-Q. The transformation will be completed either through statutory regulation or through ministerial approval of [the ARMA-Q standards]."

You can watch Keith's full conference speech above.

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