What is a qualifying long term agreement?
A qualifying long term agreement (QLTA) is a contract with a contractor to provide goods or services. It lasts over 12 months and costs leaseholders at least £100 per year.
QLTAs could include: major works, like fitting a door entry system, or services, like Buildings Insurance cover. We enter into QLTA’s to try and get a better deal on our major repairs costs.
A QLTA with a contractor means that one specific contractor will do certain work for us at a set price for the contract's length.
For example, we could have a QLTA with a contractor to fit all our door entry system for the next three years.