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 that all entities providing property management services obtain a specific property management firm license. Currently, while individual property managers must be licensed, there is no requirement for the firms themselves to hold a license, leaving a gap in accountability for potential wrongdoing. This legislation is a response to past incidents of embezzlement by property managers, such as the case of Lorraine Cyr, which highlighted the need for stricter regulations to protect property owners from fraudulent activities.

The bill introduces new legal language to the District of Columbia Official Code, specifically adding a new section (47-2853.183a) that mandates property management firms to be licensed. To obtain this license, firms must demonstrate compliance with various requirements, including having a designated lead property manager and ensuring that all employees providing professional services are properly licensed. This legislative change is intended to safeguard residents and businesses from bad actors in the property management industry and to provide a mechanism for accountability and recourse for victims of misconduct.