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Property Management Guidelines

On March 13th, of 2013, during MIPIM Fairs in Cannes, MICS has announced the Property Management Guidelines.

I have a pleasure to introduce the RICS Property Management Guidelines – the latest addition to a set of the best world practice guidelines in the real estate. We believe that the clear designation of the best sector practices of property management will provide the guidelines to professionals from all over the world; and it will clarify the principles of conduct, at the same time increasing the clients' trust and will contribute to fulfillment of our duties in serving the public interest, said Ken Creighton, RICS's Professional Standards Director.

 

The guidelines presented by RICS discuss the best practices related to the property management. The purpose of those guidelines is to improve the service quality and world patterns normalization. They provide a professional and objective consulting to its clients and consumers, adhering to international standards.
 

The property market, as well in Poland , especially during the economic slowdown, provokes its participants and the property management. The piled-up difficulties of running the business, increased competition on the market and constant client chase can increase the tendencies of unethical behavior, lack of management procedure applications or unclear remuneration. The RICS guidelines implementation will increase clarity on the property management market, especially in determination of management remuneration and its background; as well as, it will cause reaching the higher level of the property management work ethics - says Łukasz Macia, MRICS Chartered Valuation Surveyor, Licensed Property Manager (license no. 16320).

 

Creating one set of rules being the base for legally and commercially diversified domestic markets, RICS made a positive step forward. As we develop moving towards the global market, it is the consulting based on those rules which is able to set the standards – said Paul Harding, DTZ International Director.

 

The Property Management Guidelines were created as a result of a cooperation of world experts. They contain 12 basic rules, therefore create Property Management Code.

 

Following the global regulations related to property management practices, the Polish property market will be more transparent, therefore will increase its attractiveness for investors as domestic as foreign. Since the regulation was created using the knowledge and experience of international and multicultural team of professionals reflects the key internal property management procedures underpinning the provision of professional services - says Łukasz Maciak.


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