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 companies 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 responds to concerns raised by stakeholders and past cases, such as the embezzlement case involving Lorraine Cyr, highlighting the need for oversight of property management firms to protect residents and businesses from potential wrongdoing.

The bill introduces a new section, 47-2853.183a, which mandates that no firm, partnership, or corporation can operate as a property management entity in the District without a property management firm license. To obtain this license, firms must demonstrate compliance with applicable laws, ensure that all engaged members are licensed property managers, 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 change is intended to create a more regulated environment for property management services, thereby safeguarding the interests of property owners and tenants alike.