"To ensure the provision of excellent services that benefit all residents, and the maintenance of a green,

peaceful and safe environment in line with our co-operative values"

A TMO is created when residents (tenants and leaseholders) in a defined area of council or housing association homes, create a corporate body and typically elect a management committee to run the body. This body then enters into a formal legal contract with the landlord of the home, known as the management agreement. The management agreement details precisely which services are managed by the TMO on behalf of the landlord. The extent of the delegation of service can vary enormously, particularly between small and large TMOs, but may typically include day-to-day repairs, allocations and lettings, tenancy management, cleaning and caretaking, and rent collection. The TMO's operations are mainly funded by the management fees payable by the landlord under the agreement. The TMO can take a number of legal forms. Registered TMOs may be a co-operative, or set up under corporate law. Some 'guide TMOs' provide support to community groups interested in the concept. The work of a TMO may touch and overlap with that of an Arms-length management organisation (ALMO).

Courtesy of the NFTMO website