… and if ARMA’s Twitter feed is to be believed, two-thirds of the membership has dropped out At least of a fifth of the membership of ARMA has ditched the trade association that on January 1 brought in more rigorous membership criteria.This is the figure reported by ARMA insiders, although many think the fall-off could be far higher.Although the more rigorous ARMA-Q regime, which was three years in preparation, came into force on January 1, ARMA has repeatedly refused to … [Read More...]
THE REASONS WHY …
(Sounds like an email to Carlex / LKP from an aggrieved leaseholder …) Vincent Tchenguiz’s £2.2 billion legal action against accountants Grant Thornton has suffered a set-back as his documentation was described by a judge as “too long and failed to make clear the facts of the case”.Tchenguiz wants compo from Grant Thornton which he believes was responsible for his arrest, with his brother Robert, in February 2011 by the Serious Fraud Office.This was based on incorrect evidence, which … [Read More...]
The freeholder of Manchester’s prime No.1 Deansgate blinked first and dropped a Court of Appeal action to block a right to manage application.Residents at No.1 Deansgate, who include footballers Ryan Giggs and Phil Neville, Corrie star Helen Worth and Take That singer Jason Orange – have already spent £30,000 on the RTM marathon. … [Read More...]
Trust Property Management, whose CEO Benjamin Mire is facing disciplinary proceedings from his professional body RICS, is no longer up for sale.It was put on the market on September 10 last year through Bluebox Corporate Finance, but earlier this month this process came to an end. … [Read More...]
Pensioner Michael Hollands was appalled to discover the expense and difficulty involved in extending a lease in a retirement site There is one culprit in this unsatisfactory leasehold system that can end up being a big cost to leaseholders, particularly those who reside in retirement complexes: an even bigger cost than inflated management charges or exit fees.That is the cost of a lease running out and the need to extend it extending a lease. Something I have found that the majority never … [Read More...]
A re-energised and confident Leasehold Advisory Service held its LEASE annual conference 2015 in central London last Wednesday.It was a gathering of some of the brightest – perhaps most socially engaged – of the players in the professional leasehold world: lawyers, surveyors, property tribunal judges, property managers.For the third time – and it was a shameful omission before –leaseholders were allowed in for a “free” evening session. At last, they seem to be considered an important … [Read More...]
… and he has suffered “anguish, apprehension and £3 million in losses” since being removed from his judicial appointment at the property tribunal. And there's the "impact on his human rights" Property manager Benjamin Mire (left) yesterday failed in the high court to block RICS from conducting a disciplinary investigation into his conduct.Mr Mire, a chartered surveyor and the CEO of Trust Property Management of Colindale, north London, was seeking a judicial review into a decision by RICS … [Read More...]
... aka Knight Square and FirstPort UPDATE: Feb 6 2015: The initial headline on this article, "Janet Entwistle is given the push at Peverel" was factually inaccurate, we are informed.The following statement to LKP / Carlex has been received this afternoon: Janet Entwistle to stand down as CEO of Knight SquareFollowing the successful launch of FirstPort and Appello, and the separation of these businesses, Janet Entwistle will be standing down as Chief Executive Officer of Knight Square … [Read More...]
Will ARMA-Q bring change?
Staff working overtime to process applications “to take our members on a journey …” LKP / Carlex has received a statement at 11.14am today from ARMA addressing its peculiar manner of announcing the membership of ARMA-Q. Previously, we were informed that any company that had not applied to the more rigorous ARMA-Q regime by January […]
Has Peverel / FirstPort made the cut to join ARMA’s ethically enhanced membership scheme? Or Countrywide? We won’t know until next month, unless the companies themselves indicate that they are accredited – as is the case with the LKP member HML Holdings plc.
The ARMA-Q initiative is set for a House of Lords launch on May 15, with the following letter from ARMA chief executive Michelle Banks sent to invited stakeholders:
In piecemeal fashion, ARMA is announcing companies that have signed-up to the new regulatory regime ARMA-Q on Twitter. These are the new criteria for membership of the trade body. The decision marks an abrupt reversal of a decision last week by Michelle Banks, the CEO, to announce the accredited companies in February once all applications […]
Tomorrow, May 15, ARMA-Q gets a formal unveiling at the House of Lords and the corporates of the property management world will herald this as a new dawn. In fact, ARMA-Q was unveiled at the organisation’s annual conference last September, and that signified less bright “new dawn” than “same old racket”. One of the sponsors […]
ARMA-Q, the scheme to give ethical credibility to the Association of Residential Managing Agents, was given the blessing of the government and the leasehold establishment yesterday with a House of Lords launch. Already the new ARMA-Q regulator Keith Hill (above), a former New Labour housing minister, has six cases of complaint to deal with “which […]