TRAINING
TacklingBlocks
Moving into block management? ARMA and RICS are behind the growing professionalism in this sector.
I
t is estimated that there are over 1.8 million private leasehold flats in England and Wales. Whether their buildings are owned and controlled by investor freeholders or the lessees themselves, a large proportion employ managing
agents to handle the day to day running and maintenance of their buildings. The management of long leasehold
residential property is a complex business requiring a full understanding of the structure and meaning of leases, a thorough knowledge of the statutory requirements of the Landlord and Tenant legislation and compliance with the recognised Codes of Practice. In addition, the management of blocks of flats requires proper accounting procedures, an understanding of buildings, their maintenance and insurance requirements, a good grounding in all relevant Health &
David Hewett, Chief Executive, ARMA
Safety legislation and, where relevant, good people management skills allied to compliance with employment legislation. It follows therefore that any person
managing such property should be – and be seen to be – a professional. You do not have to have qualifications to be a professional but it does help in terms of self and public recognition.
The Institute of Residential Property
Management (IRPM) currently provides the only dedicated qualifications in block management. The IRPM was set up in 2002 by the Association of Residential Managing Agents (ARMA) with the aim of providing individuals with independent accreditation of their professional skills and now the Institute has almost 2,000 individual members. The qualifications reflect the experience of the professional from entry level Associate to the seasoned Fellow. Visit
www.irpm.org.uk for more information. At ARMA’s national conference in November, it was announced that the RICS was to launch an AssocRICS qualification in block management which was much welcomed by the sector as it adds further definition and weight to the career of the property manager.
The new AssocRICS qualification will add further definition and weight to the career of the property manager.’
PROPERTYdrum MARCH 2011 57
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