As part of ARMA's commitment to raising standards in the leasehold sector, we have produced a wide range of guidance materials specifically for leaseholders about the management of blocks of flats. These are all free to download...
Important Reminder about the Financial Services Compensation Scheme and Service Charges
Service charge monies held in trust are protected by the Financial Services Compensation Scheme (FSCS). In September 2010 the FSCS announced an increase in the protection limit for savers from £50,000 to £85,000 with effect from January 2011. In addition the protection is not an £85,000 maximum whatever the size of the block or scheme. It is far greater. Read more...
A booklet about the need for managing agents, thier selection and working with them. Published jointly with The Leasehold Advisory Service (LEASE) and the Association of Retirement Housing Managers (ARHM).
A booklet explaining the procedures for landlords, resident management companies and their managing agents in the private sector in England and Wales to consult their lessees and tenants before entering in to certain kinds of expenditure paid for from service charges. Published jointly with LEASE.
*** The advice in this booklet is still relevant but needs to be read in conjunction with the decision in a recent case in the High Court, Phillips v Francis. Read ARMA’s statement about this case and what it may mean for S20 procedures here. ***
ARMA's Lessee Advisory Notes (LANs):
LAN 02: Lessees Carrying Out Gardening, Cleaning, And Other Duties
Service Charge Rights: A summary for leaseholders Leaseholders have important protections under Landlord and Tenant Law. They can challenge unreasonable charges; challenge poor or unnecessary workmanship; and have the right to be consulted about major works and long term agreements. We've put together this important summary of leaseholder's rights.
Freeholders on Private Estates - A guidance document for freeholders paying service charges on private estates.
A 44 page guide to electrical safety in communal areas for all types of residential landlords in cluding local authorities, housing associations, freeholder companies Resident Management Companies and Right to Manage Companies; electrical contractors, installers and residents may also find the information useful.
A new guide to fire safety in purpose built blocks of flats. Publised by the Local Government Group this important document includes guidance on a range of topics including 'stay put' policies, alarm systems, requirements of a fire risk assessment and the law relating to fire safety in these buildings. The document also includes relevant case studies that focus on some of the common issues found in blocks of flats with suggested fire safety solutions.
Joint protocol to establish the roles and responsibilities of ARMA members and the Big 6 energy companies where power disconnection to the communal areas is considered as a sanction for non-payment. It should also act as a guide to help avoid disconnections by addressing the issue earlier in the debt- collection pathway.
This detailed guidance available to all members of NFOPP, RICS, ARP and ARMA has just been updated. The guidance explains the implications of money laundering regulations and the Proceeds of Crime Act. It is relevant to estate, lettings and managing agents. You can download the pdf or view the interactive web version.
Industry and professionals' views on the future direction of home buying reform in England - Edited by Amir Ghani, Building Societies Association
Service charge monies held in trust are protected by the Financial Services Compensation Scheme (FSCS). In September 2010 the FSCS announced an increase in the protection limit for savers from £50,000 to £85,000 with effect from January 2011.
In addition the protection is not an £85,000 maximum whatever the size of the block or scheme. It is far greater.
In April 2009 the Communities and Local Government Dept. issued a guidance note on this topic. It stated:
“Whilst any claim would be dependent on the circumstances and evidence available at the time of the claim, the FSCS would generally expect to treat the tenants (not the landlord) [In this context tenants means lessees] as being individually entitled to the protection available for that proportion of the money in the account to which they were entitled by statutory trust. This would mean each tenant being eligible for a maximum of [£85,000] compensation to cover the loss of their particular proportion of the deposited funds.”