delete The Approval of Codes of Management Practice (Residential Property)(England) Order 2004
The Approval of Codes of Management Practice (Residential Property) (England) Order 2004 approves a specific Rent Only Residential Management Code published by RICS for use in residential property management in England. It withdraws approval of an earlier 1996 code and contains transitional provisions for proceedings under the Leasehold Reform, Housing and Urban Development Act 1993.
State approval of this RICS code creates a quasi-regulatory standard that can be referenced in legal proceedings under section 87(7) of the 1993 Act, effectively making it quasi-mandatory. This grants RICS a competitive monopoly over approved property management standards, raising barriers to entry for alternative codes and approaches. Such government endorsement of a single private sector code distorts competition in the property management market and adds compliance costs without corresponding benefit — the code itself could still be used voluntarily without state approval.