Shared Ownership Dwelling definition

Shared Ownership Dwelling means an AHP Dwelling to be disposed of on Shared Ownership Lease terms or, in respect of an OPSO Scheme, on Older People's Shared Ownership Lease terms;"
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Shared Ownership Dwelling means a dwelling which is subject to a shared ownership lease granted under section 622 of the 1985 Act;
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Shared Ownership Dwelling means an Affordable Dwelling to be let on a Shared Ownership Lease in accordance with the terms as set out in Homes England's capital funding guide or any other such guidance as shall replace it
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Examples of Shared Ownership Dwelling in a sentence

  • Savings as revised OCIO estimate for costs associated with mounting the Library's catalogue on the web.

  • In paragraph 10.2 of Schedule 1, Part A, the following words shall be deleted: “(or in the case of a Shared Ownership Dwelling any equity in an Affordable Dwelling)”.


More Definitions of Shared Ownership Dwelling

Shared Ownership Dwelling an Affordable Housing to be made available by a Registered Provider where a proportion of the equity is sold on a long lease to the purchaser (such lease to be based on the model form of lease issued by Homes England and the remainder of the equity is retained by the Registered Provider subject to rent being charged on the retained equity and on terms that entitle the purchaser to acquire up to 100% of the equity through Staircasing
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Shared Ownership Dwelling means a dwelling which is subject to a shared ownership lease granted under section 622 of the 1985 Act; "year" means the period of 12 months beginning on 1 April;
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Shared Ownership Dwelling. Affordable Housing Units to be let on a Shared Ownership Lease to a household for which the household income does not exceed Sixty thousand pounds (£60,000) per annum or such other household income for the time in force in accordance with the terms as set out in Homes England’s capital funding guide and which shall make up 30% of the Affordable Housing Units
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Shared Ownership Dwelling means an Affordable Housing Unit to be made available by a Registered Provider by means of a Shared Ownership Lease "Shared Ownership Lease" a lease or sub-lease of an Affordable Housing Unit whereby no less than twenty five per cent (25%) and no more than seventy five percent (75%) of the equitable interest in the Affordable Housing Unit is to be paid by the tenant or sub-tenant upon the initial completion of such lease or sub-lease or raised by mortgage or charge from a reputable bank or building society and which lease or sub- lease shall also include arrangements for rent but enable him to acquire the balance of the legal and equitable interest in the Affordable Housing Unit at a future date or dates “Site” the land against which this Deed may be enforced as shown edged red on the Plan.
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Related to Shared Ownership Dwelling

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Participating Interest is defined in Section 1.3(e) hereof.

  • Joint Ownership - (also known as equity JVs) means the establishment by two parent companies of a child company for a specific task within which both parent companies invest in order to overcome the limited capabilities vested within them in order that they can both benefit from the combined investment.

  • Unit Owners shall according to the context, mean all purchasers and/or intending purchasers of different Flats / apartments / Units in the Buildings and shall also include the Builder in respect of such Flats / apartments / Units which are retained and/or not alienated and/or not agreed to be alienated for the time being by the Vendors and/or the Builder.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.