3  Management Arrangements

3.1 General

3.1.1 The RSL may either manage a TSH property itself or enter into a Management Agreement with a voluntary agency with relevant management expertise. In the latter case the RSL must be satisfied that: 

• the agency is a viable organisation;
• the aims of the managing agency are compatible with its own;
• the capacity, experience and resources of the managing agency are commensurate with the responsibilities it will hold.

3.1.2  The Management Agreement sets out the terms under which the voluntary agency will undertake to manage the property/scheme on behalf of the RSL. The terms must allow the RSL to:

• retain overall responsibility for the financial control of the scheme;
• monitor the condition and occupancy of the properties;
• let the units on a tenancy agreement between the RSL and the occupant.

3.1.3  Sub leases on Grant funded TSH property can be issued to RSLs or Co-operatives that are registered with the Agency.
 
3.1.4  RSLs must not grant a lease/licence to an unregistered social landlord or agency on a Grant funded property. If this were to happen, it is classed as a disposal, triggering Grant recycling by the RSL. See Recovery Chapter

 
3.2  Nominations 

3.2.1  Local authorities leasing accommodation to the RSL which is to be developed with TSH funds are entitled to a minimum of 50% nomination rights on these properties.