- MYP Portal
The Law governing Residential property management can be a minefield.
Out of approximately 80 current, relevant statutes, two of the key pieces of legislation are the Commonhold and Leasehold Reform Act 2002, and the Landlord & Tenant Act 1985 as amended 1987. These pieces of legislation govern major areas of property management, such as:
These are just a couple of the major sections covered by current legislation. Inevitably, it will be the lesser-known areas that may cause a Director to fail to discharge their responsibilities correctly, and expose the RMC or RTM to civil or even criminal actions.
Staying legally compliant is made more difficult because most pieces of legislation amend prior Statutes, rather than begin with a coherent single new piece of law.
We at My Property have extensive experience and knowledge in the Property Management Sector and you can rest assured that we will offer legislative guidance on existing and new key issues to help you be compliant in running your property and your company.