Local Authorities / Legal

The Framework Document for Use with a Private Sector Leasing Scheme

Summary

A Framework Agreement is a legal document which sets out the obligations and responsibilities of the partners in a Scheme. In relation to a Private Sector Leasing Scheme the partners are likely to be the RSL and the local authority.

Further Information

The aim of a framework agreement for a Private Sector Leasing Scheme is to share the risks between the partners with regards to such things as voids, nominations, rents etc and clearly state what the responsibilities of each partner are together with the penalties that each may suffer if the terms of the agreement are not adhered to.

A good framework document should set out a dispute procedure as well as the terms of the termination of the agreement. Details of the funding of the arrangement would also be part of this document.

To download a copy of a framework agreement for a Private Sector Leasing Scheme then click on the link below.

Downloads

Framework Agreement

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