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Transcript of 1 Tenant Led Stock Transfer – will new regulations open doors for TMOs? Board update Tom Hopkins...
1
Tenant Led Stock Transfer – will new regulations open doors for TMOs? Board update
Tom Hopkins FCIH
Managing Director
Right to Transfer (from a Local Authority Landlord) Regulations
Issued on 14th March 2012 Consultation period closed on 23rd May 2012 Government keen to promote stock transfer which:-
Good value for money Lever additional investment levels
DCLG will offer proposals for a new transfer proposals imminently
Make it easier for tenants to take the lead in stock transfer Places a requirement on Councils to co-operate with tenants who
wish to transfer to an alternate landlord
Conditions for tenant led stock transfer
Tenant led stock transfer proposals will be subject to:- Independent Assessment Support from tenants affected by the proposal Local Authority not being able to prove a wider
negative impact where there are wider plans for regeneration or a disproportionately detrimental impact on an authority’s wider housing services
How does a Council stop the tenant led transfer process?
The Council has to seek permission from the Secretary of State to stop the process based on evidence of wider negative impact upon its housing services
The Council may refer the process to an arbitrator
Initial Stage
The tenant group must:- Apply for the appointment of an Independent Approved Assessor Have a constitution with unrestricted membership Represent substantive section of the community (i.e. 20%) Demonstrate tenant support for transfer and evidence notification
to all tenants of the proposal Issue a proposal notice to the Council for properties in excess of
25 council tenancies Define a geographically distinct and coherent area Pass a competency test by Independent Approved Assessor Once the notice is served the Council can stop the process by
applying to the Secretary of State
What happens if you are not competent to proceed?
You can reapply again once more time You can only apply to the Approved Assessor Service
for a competency test twice in any twelve month period
Timescales
Upon serving a notice the Council must respond within 28 days to :- Accept the notice Reject the notice where the notice is technically incorrect Notify the tenant group of their decision to apply to the
Secretary of State to stop the process within a further 21 days period
Notify other ‘ interested parties’ If the Council does nothing the notice is accepted
Feasibility Stage
Review of the area of benefit Agreement between tenant group and Council on timetable Council must offer ‘reasonable facilities’ to the group Co-operate by offering sufficient information to complete the study Agree the options for transfer (i.e. straight transfer to existing
Housing Association, group structure or stand alone Housing Association) and the Feasibility of each option
Identifies active support for transfer from the tenant group and the majority of tenants affected
Study concludes with the Final Report notice going to the Council
What’s in the Feasibility Final Report?
Minutes of the tenants group committee decision to proceed to transfer
Minutes of a general meeting where a positive vote on transfer has been taken in accordance with the constitution
Statement from the tenant group which confirms that the majority of tenants support the proposal
Timescales
Within 28 days of receiving the Feasibility Notice the Council must:-
Accept the notice Reject the notice where the notice is technically
incorrect Notify the tenant group of their decision to apply to
the Secretary of State to stop the process within a further 21 days period
If the Council does nothing the notice is accepted
Development Stage
The Council has to:- Agree a timetable for the development study Continue to provide reasonable facilities Notify ‘interested parties’ Notify the Secretary of State of the plan to transfer stock consult with tenants (and leaseholders) by ballot on the transfer
proposal
The Development Study must allow:- The agreement for the transfer option(s) The agreement of the ‘Offer Document’ The agreement of a ‘Stage 2 notice’ (i.e. changes to the Offer) Opportunity to formally consult tenants on the transfer proposal by
ballot
Implications & Questions
DCLG has offered ‘support’ to assist tenant led transfer Is this fees, dowry or TEP????
The stock condition survey needs to be carried out and stock transfer valuation and business plan needs to be created. How much will this cost? Who pays the fees?
What’s your Councils current position?
Will the CLG allow TMOS to transfer their estates to small independent Registered Providers?