119 Management schemes and accounts

119  Management schemes and accounts

(1)     A final management order must contain a management scheme.

(2)     A “management scheme” is a scheme setting out how the local housing authority are to carry out their duty under section 115(2) as respects the management of the house.

(3)     A management scheme is to be divided into two parts.

(4)     Part 1 of the scheme is to contain a plan giving details of the way in which the authority propose to manage the house, which must (in particular) include—

(a)     details of any works that the authority intend to carry out in connection with the house;

(b)     an estimate of the capital and other expenditure to be incurred by the authority in respect of the house while the order is in force;

(c)     the amount of rent or other payments that the authority will seek to obtain having regard to the condition or expected condition of the house at any time while the order is in force;

(d)     the amount of any compensation that is payable to a third party by virtue of a decision of the authority under section 128 in respect of any interference in consequence of the final management order

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