Property Management

Question 1

What is the Professional Statement for Property Management and when did it come into effect?

Answer 1

Real Estate Management, October 2016

Question 2

What is the commercial property management guidance note, and when did it come into effect?

Answer 2

Commercial Property Management in England and Wales, effective October 2011

Question 3

What was the aim of the Landlord and Tenant Act 1988?

Answer 3

To ensure statutory duty exists on the landlord, to deal with consents diligently (e.g. Alienation) and not be unreasonably withheld or delayed.

Failure to do so can result in a successful claim for damages

Question 4

What does the Landlord & Tenant (Covenants) Act 1995 relate to? and when did it come into effect?

Answer 4

This act relates to the assignment of leases. and it came into effect 1st Jan 1996.

It introduced AGAs

Question 5

Which act introduced Authorised Guarantee Agreements?

Answer 5

The Landlord and Tenant (Covenants) Act 1995