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