The National Housing Trust Initiative will by way of multiple lots procure completed homes for affordable, intermediate rents in several local authority areas across Scotland. The Scottish Futures Trust (SFT) is acting as central purchasing body for the participating local authorities in Scotland (listed in Section VI.3 of this notice). There is a separate lot for each local authority area. It is intended that the SFT and the relevant area local authority will enter into a contract with each of the developers which are successful in the relevant lot (see Annex B for information on Lots). The completed units which meet the authority's requirements will be purchased by an LLP created by SFT, the local authority and the developer. In each case property management and maintenance services will be delivered to the tenants by the developer or a nominated and approved sub-contractor. Each developer will deliver these services in respect of their own completed houses for a 5 - 10 year period. By no later than 10 years after purchase by the LLP, the units are to be sold by the LLP and the proceeds applied as agreed between the parties.