Licensing for Accountability of Management of Properties (LAMP) Amendment Act of 2023

This bill requires property management companies and firms operating in the District of Columbia to obtain a specific license from the Real Estate Commission. To qualify for this license, an organization must prove that all its employees and officers involved in property management are individually licensed, and it must designate a lead manager for each property it oversees. The law aims to increase accountability and protect residents by ensuring that property management entities meet established legal standards before they can operate. This change directly affects real estate firms, partnerships, and corporations providing management services within the District.