Association of Residential Managing Agents

Members' Area

Leaseholder Library

Welcome to the Leaseholder Library

ARMA self-service library offers guidance to leaseholders. We would recommend that you view the documents available to see if they can assist.

If they do not, or you require further information then please contact the Leasehold Advisory Service at They are a government funded body who are able to assist you and they provide free information, initial advice and guidance to members of the public about residential leasehold. They are independent and impartial and all of their advisers are legally qualified.


Posted: 02 / 02 / 2022

Updated: 19 / 07 / 2023

The Importance of Reserve Funds - ARMA Introductory Guide for Leaseholders

Reserve funds and sinking funds. What are they? What are they for? Why should we be putting them in place and how do they work?

Currently under leasehold, each particular lease will determine if a reserve fund can be collected for a building. Where the lease does allow for a reserve fund it is highly likely that a £ amount or even what the reserve fund should be used for will not be stipulated. This makes complete sense as flexibility to deal with unforeseen circumstances is what you need when dealing with reserve funds and block cyclical maintenance.