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The Association of Residential Managing Agents executive secretary speaks out on the role of his organisation, the new legislation and some of the challenges affecting him in the role.
After I graduated as a Chartered Accountant in 1970, I carried out various assignments in Europe and North Africa for two years. When I returned to the UK, I became MD of a national building maintenance company that I expanded into insurance broking and property management. I guess it was this background that led me to be appointed Executive Secretary of ARMA in 1996.
Ensuring that members maintain standards and deal with the issues when there is dissatisfaction with their service. Combating the negative attitude generated towards property managers caused by a very small minority of poor landlords and agents. Constantly fighting government on its implementation of legislation that affects or disadvantages leaseholders.
We tend to rely on word of mouth and the reputation we have for the information and support referred to above. As to services, these will expand with the needs of our members, their clients and their customers, the leaseholders.
We provide amongst other things training, regular briefings and Act updates, an extensive reference resource on the members-only area of our website and information for lessees.
Apart from CLRA 2002, things that are looming on the horizon are Disability Discrimination requirements relating to common areas, Digital Switchover, HMO status for houses converted into flats and we must not forget HIPs where the leaseholder is going to have to provide at least 10 more documents or pieces of information than freeholders.
Now that government has considerably revised its proposals for Annual Summaries and Separate Bank Accounts, the affect on reputable, competent managing agents (and RMCs) will not be anywhere near as onerous and costly as previously envisaged.
In a nutshell, the sheer volume of legislation and regulations and their complexity. A quick count indicates some 100 of them.
For the most part, I do not believe it is that government does not listen. It seems that it is just ignorant of the special impact many general pieces of legislation will have on leaseholders. Government does occasionally listen – through the DCLG, ARMA and the ARHM persuaded the Treasury to reduce the tax rate on interest on service charge funds.
It is not so much changes that would benefit our members (and lessees) but, say, a three year moratorium on anything new to give everyone time to catch their breath!
The fact that some 80,000 new flats are being built each year – the ‘growth’ will be in recruiting hundreds more quality people into our sector to manage them.