property management services (PMSs) are to be prescribed under seven specified categories as follows: General management services relating to a property; Management of the environment of a property; Repair, maintenance and improvement of a property; Finance and asset management relating to a property; Facility management relating to a property; Human resources management relating to personnel involved in the management of a property; and Legal services relating to the management of a property. Only those PMCs providing PMSs falling within more than one category of PMSs are required to be licensed, and individuals who assume a managerial or supervisory role in these PMCs are also required to be licensed. In other words, PMCs providing PMSs falling within only one category of PMSs are not required to be licensed, and individuals working in the front line without assuming a managerial or supervisory role are not required to be licensed either. All types of properties (i.e. whether residential, commercial or otherwise) are covered by the PMSO, but "property" is given a technical meaning and refers to those which have a deed of mutual covenant (DMC) (a document containing terms that are binding on all flat owners of a multi-unit or multi-storey building) since only PMSs provided to buildings with multi-ownership are intended to be regulated. In other words, PMCs and PMPs providing PMSs to properties without a DMC are not to be regulated under the PMSO. India In India, there is no statutory regulation of property management companies, real estate agents or developers. In 2013, a Real Estate Regulation and Development Bill was passed by the Union Cabinet, but has yet to take effect. The bill seeks to set up 3 regulatory bodies in the country. The Real Estate Regulation and Development Bill was passed by the Union Cabinet in early 2016 and this is expected to bring about a sea change in the management of real estate in India. New Zealand Commercial Property Management leasing agents in New Zealand are required to have a real estate agents licence and operate and audited trust bank account. Commercial leases are covered by the Property Law Act 1952. Residential property management in New Zealand is an unlicensed and unregulated industry. Property managers in New Zealand do not require any registration, minimum knowledge or skill. The New Zealand Government reviewed whether all forms of property management need any legislation. Following completion of the review, the Associate