LEWISHAM TENANTS FUND ADMINISTRATION GRANT POLICY

 During the grant year 2009-2010 Administration Grant will be paid to all tenant group's based on a basic grant according to the number of tenanted properties covered by a group plus £3.50 per tenanted property.

 Any group with more then £1,000.00 in their bank account with no expenditure of this sum planned will not be eligible to claim Administration Grant until their account balance falls below £1,000.01

 Any tenant group with less then £1,000.00 in their bank account, unless they have reserved the money for specific expenditure may be able to claim a second administration during the year. An example of this is:

10 or less tenanted properties

£50 + £3.50 per tenant

50 or less tenanted properties

£100 + £3.50 per tenant

100 or less tenanted properties

£150.00 + £3.50 per tenant

200 or less tenanted properties

£200.00 + £3.50 per tenant

300 or less tenanted properties

£250.00 + £3.50 per tenant

Over 300 properties

£300.00 + £3.50 per tenant

 Every eligible group would receive the minimum and more active group's, with less then £1,000.00 in their bank account, would receive the maximum. This would result in the following:

 

Minimum

Grant

Maximum

Total

Groups with 10 tenanted properties would receive

£85.00

£170.00

Groups with 50 tenanted properties would receive

£275.00

£550.00

Groups with 100 tenanted properties would receive

£500.00

£1,000.00

Groups with 200 tenanted properties would receive

£900.00

£1,800.00

Groups with 300 tenanted properties would receive

£1,052.50

£2,105.00

Groups with 400 tenanted properties would receive

£1,700.00

£3,400.00

 Groups will be notified of outcomes and cheque payments (if agreed) made within 10 working days.

 Reports will be presented quarterly to the Management Committee and added to the finance monitoring information provided to the Management Committee.

 click here for an application form