Shared Ownership Unit means Affordable Housing Units which are to be provided by way of Shared Ownership on the Affordable Housing Land
Shared Ownership Unit means (unless otherwise agreed in writing by the District Council) 30% of the Affordable Housing Dwellings provided by a Registered Provider where a proportion of the equity is sold on a long lease to the purchaser and the remainder of the equity is initially retained by the Registered Provider subject to rent being charged on the retained equity on terms that are set out in the HCA Model Lease or such other form of lease reasonably requested by the Registered Provider and which shall be first approved by the Council and in accordance with the following:
Shared Ownership Unit means an Affordable Unit in respect of which a Shared Ownership Lease is granted by the Local Housing Authority or Registered Provider to a Qualifying Person
Examples of Shared Ownership Unit in a sentence
In super-session of the orders relating to the pay ranges and travel entitlements for journey by rail on tour and transfer, the revised pay ranges and travel entitlement will be as follows.
This was not introduced until the 2nd Deed of 27 October 2014, which defined it as the purchase by the owner of a Shared Ownership Unit of “additional equity” (paragraph 18 above).
The date of Practical Completion of each Shared Ownership Unit (if any).
Affordable Housing Unit: an Affordable Rented Unit or a Shared Ownership Unit to be constructed on the Affordable Housing Land.Affordable Rent: a rent up to 80% of the estimated market rent for an equivalent property for the size and location, inclusive of service charges, based on a valuation in accordance with a method recognised by the Royal Institution of Chartered Surveyors and not higher than the relevant Local Housing Allowance maximum amount set for eligibility for housing benefit.
The Memorandum includes the following: 6.5 New Progress shall ensure that it retains at all times a minimum share of 20% of the equity in each Shared Ownership Unit.
More Definitions of Shared Ownership Unit
Shared Ownership Unit means an Affordable Housing Unit which is disposed of by
Shared Ownership Unit means a unit of Affordable Housing to be made available by an Affordable Housing Provider under a Shared Ownership Lease and the term Shared Ownership shall be interpreted accordingly;
Shared Ownership Unit means any Affordable Housing Unit occupied partly for rent and partly by way of owner occupation on shared ownership arrangements as defined in section 70(4) of the Housing and Regeneration Act 2008 where the lessee for the time being has the right to acquire 100% of the equity from the Affordable Housing Provider over time and "Shared Ownership" shall be construed accordingly;
Shared Ownership Unit. Mix: Studios:
Shared Ownership Unit. Affordable Housing provided by the Registered Provider by way of Shared Ownership "Site" land at [ ]as the same is shown for identification purposes edged red on the Plan
Shared Ownership Unit shall be construed accordingly; “Site” means land known as land and property at 225, 227, 229 and 000 Xxxxxxxxx Xxxx, and 1 The Bungalows, London and recorded at HM Land Registry under title number SY67363 shown for the purposes of identification only edged red on Plan 1; “Substantial Completion means that the Planning Permission has been Implemented and the Occupation and / or Sale of 75% of the Residential Units has occurred “Surplus” means the amount of the Gross Development Value less (i) Gross Development Costs of the Development and (ii) Developers Profit agreed in accordance with Part 1, Schedule 1 herein and set out in the Further Viability Assessment and (iii) the Benchmark Land Value provided always that such costs and values are reasonable for development viability appraisal undertaken at that stage in development delivery “Tree Contribution” means the sum of four thousand nine hundred and sixty four pounds and fifty xxxxx (£4,964.50) Indexed towards the Tree Contribution Use “Tree Contribution Use” means in relation to the Tree Contribution towards the provision of replanting in the immediate vicinage of the Site; “Use Classes Order” means the Town and Country Planning (Use Classes) Order 2015 (as amended) “Viability Assessment” means the financial viability appraisal dated 15th August 2016 that the Owner submitted in support of the Planning Application, “Working Day” means any day which is not a Saturday, a Sunday, a bank holiday or a public holiday in England and the term “Working Days” shall be construed accordingly NOW THIS DEED WITNESSETH as follows: 2 THIS Deed is made pursuant to Section 106 of the 1990 Act, section 111 of the Local Government Act 1972, section 1 of the Localism Act 2011 and any other enabling powers and the obligations contained in this Deed are planning obligations for the purposes of that section insofar as they fall within the terms of Section 106 of the 1990 Act and receipt of a copy of this Deed pursuant to subsection 106(10) of the 1990 Act is hereby acknowledged by the Council.
Shared Ownership Unit means a unit of Affordable Housing to be made available under a Shared Ownership Lease Site: means the freehold property situate at land lying to the north of St Xxxxx Road, Harpenden and land lying to the south of Beeching Close Harpenden Hertfordshire registered at the Land Registry with Title Absolute under the Title Numbers HD518165 and HD498889 all of which land is shown for identification purposes only edged red on the Plan