Waltham Estate Residents’ Management Organisation (WERMO) is responsible for the housing management functions of 238 tenanted and leasehold properties. The services provided are governed by a Management Agreement between WERMO and Lambeth Council.
WERMO was established in April 2003 and is accountable to a group of elected board members - residents who live on the estate - who decide on how best to manage the services.
WERMO aims to provide residents with a comprehensive, high quality local landlord service that ensures value for money and equality of opportunity. WERMO seeks to make sure their residents live in a warm, dry and well maintained property and that they are able to do so peacefully.
WERMO’s properties are in need of substantial investment to achieve the decent homes standards by 2012/13. With this objective, in mind, a partnership with three other resident management organisations has been formed, creating United Resident Housing, a tenant led Arms Length Management Organisation (ALMO) in a bid to secure additional funding from central government.
To secure this additional funding the ALMO must attain at least a two-stars rating in the June 2008 Audit Commission Inspection (see January 2007 Newsletter).
By becoming a shareholder, you are then entitled to vote at any general meeting and to vote for the board at the annual general meeting (AGM). You are also eligible to be nominated to become a board member yourself. All of this for a one-time fee of £1 for lifetime membership. Download the application form and turn it in with your £1 to the estate office to become a shareholder today!
