Shared Ownership definition

Shared Ownership means the ownership of a share in a dwelling;

Shared Ownership means subsidised housing provided by an Affordable Housing Provider for sale by way of a standard Homes England Shared Ownership Lease applicable to shared ownership accommodation granted on a premium payable on completion or raised by mortgage or charge under which the initial purchaser acquires an initial share of the equity in that Affordable Housing Unit and pays a rent element if required

Shared Ownership means housing provided by a Register Provider or the

Examples of Shared Ownership in a sentence

• Should all lettings plan criteria have been exhausted and voids remain, for Shared Ownership properties , the RSL is then entitled to open the properties up to the general market.

• A copy of the notice must also be sent with the application to the local authority.• Certificate C - Shared Ownership (Some other owners known) Certificate C should be completed if the applicant does not own all of the land to which the application relates and does not know the name and address of all of the owners.

• IPs will then be required to sell the lease on current Shared Ownership terms at a lower percentage to make the property more widely affordable.

• Shared Ownership leases that cannot be classed as assured tenancies (e.g. because of low rent) would need consent but are covered by category 13(a) of Regulator’s General Consent 2010.

• IPs intending to offer HOLD should therefore ensure that applicants are strongly advised to get independent financial advice on what assistance may be available to them, and their ability to afford Shared Ownership.

More Definitions of Shared Ownership

Shared Ownership means any one of such units “Sinking Fund Charges” any charges required to cover the costs of replacing items or areas of a building at their expected ‘end of life’ as part of programmed repairs for that building “Social Rented Units” social rented units owned and managed by local authorities or an RP for which guideline target rents are determined through the National Rent Regime and shall bear the same meaning as described in the definition of “Affordable housing for rent” in the NPPF and “Social Rented Unit” shall mean any one of such units “Staircase” the method by which the occupier of a Shared Ownership Unit pays a premium in order to acquire an equity (or a further equity) in such unit and "Staircasing" shall be construed accordingly “Staircasing Receipts” payments made to the RP (less reasonable costs) by a shared ownership lessee tenant or any other person for the acquisition of equity in a Shared Ownership Unit pursuant to a Staircase event "Valuer" means a Member or Fellow of the Royal Institution of Chartered Surveyors being a Registered Valuer appointed by the First Homes Owner and acting in an independent capacity

Shared Ownership means the Affordable Housing Units Housing” which are occupied by persons under shared ownership arrangements as defined by Section 70 (4) of the HRA 2008 where those persons have the opportunity to purchase all or substantially all the equity in the Affordable Housing Units at a later date or such other equity sharing or retention terms from time to time approved by the Council “the Site” means the land at Upnor Road, Upper Upnor, Medway and more particularly delineated edged red on the attached Plan

Shared Ownership means a property available for letting under a Shared Ownership Lease

Shared Ownership means Affordable Housing Units made available as units for sale to Qualifying Purchasers where an RSL or the Council as the local Housing Authority or the Affordable Housing Proprietors retain a share in the ownership of the units and charge the Qualifying Purchaser an occupancy charge on that share. The terms "Shared Ownership Affordable Housing" and "Shared Ownership Affordable Housing Units" shall be construed accordingly;

Shared Ownership means Housing Units within the Accommodation” Development which are occupied by persons under shared ownership arrangements as defined by Section 70 (4) of the HRA 2008 where those persons have the opportunity to purchase all or substantially all the equity in the Housing Units at a later date or such other equity sharing or retention terms from time to time approved by the Council;

Shared Ownership means paying partly for a mortgage and partly rent so that, if the person moves, (s)he will get some of the proceeds from the sale of the property, according to how much of the original cost has been paid off. Include people who have paid off the mortgage portion.

Shared Ownership disposal by means of a shared ownership lease which is a