Ownership plans (TPS) overview

Finance → TPS → Overview → /tps/home A Tenant Purchase Scheme (TPS) contract is an agreement under which a resident buys the unit they occupy over time, paying instalments of principal and interest instead of rent. On the platform it is a distinct kind of contract with its own schedule, its own arrears semantics, its own compliance obligations, and an end state — ownership transfer — that a rental lease never reaches.

TPS reuses the platform’s core records. A TPS contract still sits on a lease record against a unit, with a resident — which is why TPS contracts appear in the lease-status vocabulary with three statuses of their own: Defaulted, Repossessed and Completed.

The module

Destination	Purpose
Overview	The dashboard: portfolio position, key metrics and trends.
Contracts	The contract book.
Amortisation Schedule	The instalment plan behind each contract.
Schedules / Generation Runs / Monthly Balances	Schedule generation and the resulting monthly billing position.
At-Risk Contracts	Contracts in arrears against their schedule.
Compliance → Notices	Formal notices issued to beneficiaries.
Compliance → Contract Default State	Where each contract sits against default criteria.
Compliance → Compliance Jobs	The runs that evaluate compliance.
Ownership → Progress	How far each beneficiary is toward ownership.
Ownership → Certificates	Certificates issued on completion.
Onboarding Lobby	Intake of new beneficiaries into the scheme.

The contract

A TPS contract carries the commercial terms of the purchase:

Field	Meaning
Loan amount	The financed purchase price.
Deposit amount	Paid up front, reducing the financed amount.
Interest rate	The rate applied to the outstanding principal.
Months	The term.
Start date / first due	When the schedule begins.
Furniture	Any furniture component financed alongside the unit.
Escrow per month	Amounts collected into escrow alongside the instalment.
Original net loan	The starting financed balance.
Principal paid to date	Cumulative principal repaid.
Net loan balance	What remains owed.

How TPS differs from a rental lease

	Rental lease	TPS contract
What is billed	Rent for a period	An instalment of principal + interest (+ escrow/fees)
Balance	Arrears against invoices	Arrears against an amortisation schedule
End state	Lease ends, unit re-let	Ownership transfers to the beneficiary
Failure state	Termination and eviction	Default and repossession
Compliance	Standard tenancy obligations	Scheme-specific notices and default states

Because a TPS balance is measured against a schedule, an overpayment is not simply “credit on the account”. How a prepayment is treated — whether it reduces the term, reduces future instalments, or sits as a surplus — is a scheme policy decision with a real financial effect on the borrower. Do not assume a prepayment automatically shortens the loan.

Onboarding

The Onboarding Lobby is the intake pipeline for new beneficiaries, with a queue view, priority tiers for SLA and routing, assigned onboarding officers and outreach officers, required document uploads, verification, and a submit-for-review step. The lobby dashboard shows pipeline state and flags a bottleneck detected where a stage is backing up, along with SLA remaining per case. Beneficiary profiling questionnaires — the household and income data collected during a field or home visit — are captured through the assessments engine rather than a bespoke TPS form, so the questionnaire can be revised without a deployment. Onboarding produces an application which, on activation, becomes a TPS contract. See Lease applications.

Reporting

The TPS overview dashboard shows the scheme’s key metrics and trends. Where a scheme reports to an external programme — for example an allocation report to a national housing platform — the platform can generate and dispatch that report, running in shadow mode until the reporting is verified.

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