Rent And Nominations Agreement

Table 1.1. This Appointment Agreement sets out the procedure by which Nuneaton and Bedworth Borough Council (the Council) make appointments for Registered Housing Providers (LPs). Jonathan Fewster, a partner at Bircham Dyson Bell LLP, believes that student residences focus their attention on investors because they can be backed up by university appointment agreements that put the risk on the institution and not on the investor. If you are interested in renting a property to a housing company, you should contact them directly to request inclusion on their housing lists and for us to nominate you. Some housing companies ask us to send them nominations directly from our housing list. We send them the details of the candidates who have let us know that they are interested in being appointed in this area. « Working for a client recently, we experienced a competitive development market – one client bought a £38 million student programme in central London – and we immediately rented a third of the empty student `units` that were overcrowded for their own needs. » Sometimes we have specific appointment agreements for certain housing corporations. These agreements could give priority to people living in the immediate vicinity of the property or to people who meet other criteria. « Even main street lenders lend to student residences backed by an appointment agreement, » says Jonathan Fewster.

This appointment agreement requires that each new construction programme (regardless of the number of units) and any transformation producing three or more units, benefiting from public subsidies or financed by a Section 106 agreement, should give the Council 100% of appointments for first leases and 50% of appointments for subsequent leases. . . .