ARMA turns spotlight on sub-lets

The letting of leasehold flats is continuing at a level that still can cause problems where the letting is not done properly. A members survey by the Association of Residential Managing Agents (ARMA) found 62% of respondents reported having at least one block of flats under management where 90% or more of the flats sublet and most blocks had at least some flats sublet. To overcome issues such as loud noise outside permitted hours, parking in the wrong place, excessive wear and tear of the common areas – all guaranteed to upset other residents – ARMA has produced a 12-page guide on the letting of leasehold flats. The guide was written with the assistance of all the relevant trade and professional bodies that have an involvement with the lettings sector. It is estimated there are more than 400,000 leasehold flats being let out by their owners – more than 20% of all leasehold flats in England and Wales.

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