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News Release

By Frederick Franklin,2014-05-14 05:13
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News Release

    News Release

    IPFMA CALLS FOR LICENSING AND REGULATION OF

    RESIDENTIAL MANAGEMENT AGENTS

Legislative reform to govern the licensing and regulation of residential managing agents

    has been called for by the Irish Property & Facility Management Association (IPFMA).

Speaking at the Association’s 2008 Annual Members Lunch in Dublin (Alexander Hotel),

    David O’Brien, chairman of the IPFMA, said that “we believe that the introduction of

    licensing and regulation would go a long way towards improving the marketplace for the

    consumer and all legitimate managing agents alike”.

David O’Brien called on the government to address the long delay in implementing

    legislative measures, which would help to curb less than satisfactory practice by some

    managing agents in the residential sector.

“Last year we at the IPFMA welcomed the appointment of Tom Lynch as director of the

    National Property Services Regulatory Authority. However, regulation of the industry

    depends on formal legislative power being given to the newly established Regulator”, he

    stated.

“We understand that this has been delayed by up to three years”, he declared, calling for

    this delay to be addressed urgently.

David O’Brien, managing director of Acuman Facilities Management Ltd., Dublin, told

    the some 350 members and guests attending the lunch that the Association through its

    Residential Subcommittee, chaired by Siobhan O’Dwyer of O’Dwyer Property

    Management Ltd. (ODPM), has been extremely active over the past 12 months in the

    development and promotion of industry best practice in the residential property sector.

The Residential Subcommittee is currently in the process of finalising a position paper

    on residential multi-unit property management due to be published shortly.

    The paper’s key recommendations include:

    1. The development of a National Programme of Education and Awareness

    aimed at highlighting responsibilities and the long-benefits of properly

    managed developments.

    2. The Law Reform Commission to consider the rights of purchasers in the event

    of defects occurring outside their dwelling, but within the apartment

    complex’s common areas.

    3. That a standard process and template be made compulsory for the calculation

    and the apportionment methodology for fixing of service charges and sinking

    funds to prohibit unfair and inequitable methods and / or the giving of

    inadequate rates or inappropriate information on service charges.

    4. A defined process for the transfer of the common areas from the developer to

    the management company.

    5. That guarantee schemes for apartment dwellings in multi-unit schemes be

    developed.

About 10% of IPFMA members operate in this sector and the Residential Subcommittee

    has devoted its work to addressing the need for legislative reform of the legal framework

    for residential development, as well as the regulation of residential managing agents.

The Subcommittee has made a number of presentations, including those to the Law

    Reform Commission, the new Property Regulator, the Office of the Director of

    Corporate Enforcement and the National Consumer Agency.

David O’Brien explained that these meetings were held as part of their initiative in

    contributing towards introducing best practice for the industry, “in accordance with our

    own key objectives of maintaining the highest levels of professional conduct in all areas

    of property and facilities management”.

The IPFMA celebrated the achievement of an important milestone at its Annual Lunch

    this year with the launch its newly developed Corporate Member category. The new

    membership category will permit corporate bodies whose core business is the provision

    of property and facilities management to join the Association.

Mr. O’Brien said that the IPFMA Membership Subcommittee, under the chairmanship of

    Peter Maloney of Most Management, Dublin, had drawn up strict selection criteria for

    the new membership category. He also announced that the IPFMA’s existing code of

    conduct has been modified.

    “We believe that this new form of membership will benefit the industry as a whole by setting out published standards that must be adhered to at all times by participating

    organisations. These standards will be based on industry best practice, as well as

    legislative compliance”, stressed David O’Brien.

Prior to the Annual Lunch, a presentation ceremony took place (Alexander Hotel) with

    certificates presented to 24 of this year’s diploma course graduates, who are employed

    with financial institutions, large corporations and semi-state bodies, as well as

    development companies and estate agencies.

Guest speaker at this year’s lunch was the international rugby player Paul Wallace.

    Every year the IPFMA’s turnout is well in line with its annually increasing membership,

    which currently stands at over 500 members countrywide.

Further information:

    Jennifer Gahan, IPFMA general manager, at Tel: 01 6691954

    Note to editors: The IPFMA, formed in 1989 under the auspices of the Society of Chartered Surveyors, now has over 500 members countrywide, an additional 100 members on last year. It

    represents the fast-growing property and facility management profession which involves the

    application of multi-disciplinary skills vital to the operation of the property and construction

    industries of today, ranging from property strategy and space management, to building

    maintenance and contracts management.

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