The Licensing for Accountability of Management of Properties (LAMP) Amendment Act of 2025 aims to enhance accountability in the property management sector in the District of Columbia by requiring entities that provide property management services to obtain a specific license. Currently, while individual property managers must be licensed, there is no requirement for the firms or entities that employ them to hold a similar license. This gap in regulation has left victims of misconduct, such as embezzlement, without recourse. The bill addresses this issue by mandating that all property management firms be licensed, thereby ensuring that they adhere to applicable District and federal laws.

The bill introduces a new section, 47-2853.183a, which outlines the requirements for obtaining a property management firm license. To qualify, firms must demonstrate compliance with licensing laws, ensure that all engaged property managers are licensed, designate a lead property manager for each property, and confirm that all employees providing professional services hold valid licenses or certificates from the Real Estate Commission. This legislative measure is a response to stakeholder requests and aims to protect residents and businesses from potential exploitation by unlicensed property management entities.