This professional statement sets a marker for the standards of management required in commercial property and provides mandatory obligations that RICS members and regulated firms engaged in this area must comply with. It has been endorsed by property bodies representing all sides of the property industry and widely acknowledged as a significant step forward for the property industry. This document is effective from 1st April 2019.
The aims and objectives of this professional statement are to:
Although this document is a first edition PS, it supersedes the previous 3 editions published as codes of practice from 1 April 2019.
RICS recognise that during these unprecedented times more advice is needed. The advisory document on this page provides extra support for landlords and tenants during the COVID-19 pandemic.