Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
Managing your own building can give you control over repairs and maintenance, but it can also be complicated and stressful. To help with this, The Leasehold Advisory Service (LEASE) has launched ‘LEASE Learn’, a free e-learning platform for leaseholders looking to manage their own building using their own company.
With input from the Institute of Residential Property Managers (IRPM), the Federation of Private Residents’ Associations (FPRA) and the Association of Residential Managing Agents (ARMA), LEASE has produced another tool to help leaseholders gain confidence in the complex subject of leasehold.
Chief Executive of LEASE, Anthony Essien, said:
“We know that many leaseholders are very able directors of their Residents Management or Right to Manage Company. But we are also aware that some are reluctant to take on these very real responsibilities as Directors; and that others that have done so could be helped with the fundamentals (National Leasehold Survey). We feel that ‘LEASE Learn’ suits these busy people, and we hope to have lots of feedback to make it even better”
Chairman of FPRA, Bob Smytherman, said:
“As a Director of a Management Company for over 25 years in my own block I know first hand the importance of good quality impartial advice and support when carrying out the role which is why I am hugely proud to contribute to the new Leasehold Advisory Service e-learning modules for those Directors who have responsibilities within their own developments and would urge fellow RMC/RTM Directors and Company Secretary’s to undergo the training and continue to seek impartial advice and support from organisations such as LEASE or the FPRA.”
Chief Executive of IRPM, Andrew Bulmer, said:
“IRPM are delighted to support this very useful and timely e-learning programme coming to fruition. It could not be more timely, as the duties and responsibilities of resident management company directors are being brought into sharp focus as leasehold tenure and building safety management is reformed. Beyond just the directors, we would go further and recommend that all members/shareholders/residents of a management company benefit from this course.”
Chief Executive of ARMA, Nigel Glen, said:
“ARMA welcomes the new LEASE e-learning platform. Improving understanding for anyone involved in leasehold can only be a good thing and ARMA is honoured to have been a part of the project. We are sure it will prove an invaluable aid for the sector and congratulate LEASE on their initiative.”
Register for ‘LEASE Learn’ here: https://learn.lease-advice.org/login/index.php
- Institute of Residential Property Managers(IRPM)
- Federation of Private Residents’ Associations(FPRA)
- Association of Residential Managing Agents(ARMA)
This article was last updated on: 22/07/2019