Common use of MANAGEMENT OF THE AFFORDABLE HOUSING UNITS Clause in Contracts

MANAGEMENT OF THE AFFORDABLE HOUSING UNITS. 6.1 Subject to paragraph 5.2 below, the Dwellings shall be managed by a Single Residential Management Company in perpetuity. 6.2 The Developer may, at any time, elect to transfer the freehold interest or the leasehold interest, being a lease for a term of not less than 125 years, in some or all of the Affordable Housing Units to a Registered Provider. 6.3 The Developer shall give the Council written notice of its intention to transfer the Affordable Housing Units to a Registered Provider not less than one month prior to the completion of the transfer. 6.4 The Registered Provider must be approved by the Council prior to the completion of the transfer, such approval not to be unreasonably withheld or delayed. Where the parties cannot agree on a Registered Provider the matter may be referred to an Expert by either party in accordance with clause 19 (dispute resolution) of this Agreement.

MANAGEMENT OF THE AFFORDABLE HOUSING UNITS. 6.1 5.1 Subject to paragraph 5.2 below, the Dwellings shall be managed by a Single Residential Management Company in perpetuity. 6.2 5.2 The Developer may, at any time, elect to transfer the freehold interest or the leasehold interest, being a lease for a term of not less than 125 years, in some or all of the Affordable Housing Units to a Registered Provider. 6.3 5.3 The Developer shall give the Council written notice of its intention to transfer the Affordable Housing Units to a Registered Provider not less than one month prior to the completion of the transfer. 6.4 5.4 The Registered Provider must be approved by the Council prior to the completion of the transfer, such approval not to be unreasonably withheld or delayed. Where the parties cannot agree on a Registered Provider the matter may be referred to an Expert by either party in accordance with clause 19 (dispute resolution) of this Agreement.