Decision details

To approve a policy which frames the Council’s requirements when managing agents seek to purchase properties within their operating area

Councillor Jacqueline Sweetman presented the report on a proposed policy whereby recognised managing agents operating within Wolverhampton, currently the four Tenant Management Organisations and Wolverhampton Homes might acquire additional properties within their respective operating areas with the support of the Council.

Resolved:

1.    That the Managing Agents Acquisition policy be approved.

2.    That it be noted that the approval of the policy satisfies one of the audit recommendations of City of Wolverhampton Council’s Tenant Management Organisations Audit Programme of 2018 which advised that acquisitions of properties on the open market should be clarified and formalised within a policy framework.