Shared Ownership Lease definition

Shared Ownership Lease means a shared ownership lease that meets:

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Shared Ownership Lease means a lease—

Shared Ownership Lease means a lease or sub lease under which an Affordable Housing Unit may be disposed of by way of shared ownership or shared equity sale and/or lease granted at a premium to be paid by the lessee or sub lessee upon completion or raised by way of mortgage or charge and under which the initial purchaser or lessee acquires an initial share of the equity in that Affordable Housing Unit and pays a rental element if required by the Affordable Housing Provider

Examples of Shared Ownership Lease in a sentence

• Paragraphs 1 to 7 above summarise the key terms of the standard form Shared Ownership Lease issued by the Homes and Communities Agency.

• This note is intended as a brief guide for Leaseholders (i.e., shared owners) of the key provisions of the Shared Ownership Lease.

• Variations to the standard form lease Paragraphs 1 to 7 above summarise the key terms of the standard form Shared Ownership Lease issued by the Homes and Communities Agency.

• The Association shall not be obliged to offer a Shared Ownership Lease of any Dwelling to a Nominee if the Association has assessed that the Nominee has not met the Association's Qualifying Criteria for assessment of a prospective lessee under a Shared Ownership Lease of a Dwelling under the Association's control and the assessment of the Association acting reasonably shall be final and binding save in the case of manifest error.

• Intermediate Housing part sold part let to eligible households in accordance with the terms of a Shared Ownership Lease.

More Definitions of Shared Ownership Lease

Shared Ownership Lease means a lease of a dwelling-house—

Shared Ownership Lease means a lease in the form of the Homes England’s model shared Ownership lease and on terms that permit part purchase of the open market value of the equity in a unit in multiples of 5% (at no less than 25% initial tranche) up to a maximum of 80% together with rent payable for the open market rack rental value of the un- purchased percentage of the equity in the unit up to a value which does not exceed the rent set by the Homes England from time to time (or such other rent or form of lease approved in writing by the Council);

Shared Ownership Lease means a lease of the type described in section 70(4) of the Housing and Regeneration Act 2008.

Shared Ownership Lease means a lease which accords with the HCA’s model form of lease issued from time to time

Shared Ownership Lease means a lease in a form approved by Homes England or where there is no such lease in a form approved by the Council to provide:

Shared Ownership Lease means a lease of the type described in section 70(4) of the Act and includes such a lease whether granted before, on or after 1 April 2010.

Shared Ownership Lease means the Homes England model lease for shared ownership housing or such other shared ownership lease as shall have been approved by the Council (not to be unreasonably withheld or delayed)