Industry comment, updates and news from the Websters team.
4-Traders has reported that British Land has scored extremely highly in this year’s independent Property Managers Association (PMA) retail centre management and accounting standards audit review. The PMA introduced the quality assurance programme in 2009 to monitor landlord and managing agent compliance with the RICS Service Charge Code.
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Sales through the revamped Right to Buy scheme, launched in April, are likely to pick up speed, as it offers 2 million council tenants and 500,000 housing association tenants dramatically increased discounts when buying their home. Writing in 24housing magazine, Emma Duke, associate at Anthony Collins Solicitors, said that both councils and housing associations needed to ensure details on service charges were effectively communicated to avoid potential Leasehold Valuation Tribunal.
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