Staircasing definition

Staircasing means the purchase by the Leaseholder from the Landlord of a Proportioned Percentage from time to time pursuant to this Lease.

Staircasing means the purchase by the owners of additional equity in a Shared Ownership Unit or Shared Equity un it;

Staircasing means the acquisition by a London Shared Ownership Lessee of additional equity in an Intermediate Housing Unit up to a maximum of 100 per cent equity and "Staircased" shall be construed accordingly

Examples of Staircasing in a sentence

• Until 30 April 2015, the GLA’s model lease included a Post Final Staircasing Right of Pre-emption as well as a Pre-Final Staircasing Right of Pre-emption.

• For existing leases post Final Staircasing, the Former Shared Owner will need to apply to the Land Registry to remove the existing Form M restriction at the same time as applying to register the Deed of Variation against the title to the property.

• We have agreed with the Land Registry that the executed form of Deed of Variation together with a copy of the memorandum of Final Staircasing will be sufficient supporting information to enable the leaseholder to apply for the removal of the restriction using Land Registry form RX3.

• Once the Deed of Variation has been registered against the title to the property, upon Final Staircasing the memorandum of Final Staircasing can be provided to the Land Registry as confirmation that the Former Shared Owner has purchased 100% of the equity in support of the leaseholder's application to remove the restriction.

• As the draft form of transfer contained in the house lease is subject to further amendment in any case upon Final Staircasing, a more pragmatic approach would be to remove the Right of Pre-emption from the transfer at this stage.

More Definitions of Staircasing

Staircasing where an occupant of a shared ownership unit increases their percentage of equity in the property;

Staircasing means the acquisition after the date of the Initial Purchase of additional tranches of equity in the Shared Ownership Dwelling as set out in the Shared Ownership Lease for that Affordable Housing Unit and as detailed in the Capital Funding Guide published by Homes England and any other publication that supersedes it

Staircasing means the purchase by a leaseholder or leaseholders of a Unit of further percentages of the open market value of a Unit under the terms of an SO Lease

Staircasing means the exercise by a leaseholder from time to time of his right to pay for a further percentage of the value of the Shared Ownership Dwelling o r the Shared Equity Dwelling up to a maximum of 100% of its Open Market Value;

Staircasing means the purchase by the owner of additional equity in a Shared Ownership Unit and “Staircased” shall be construed accordingly.

Staircasing means the purchase by the lessee of additional equity in a Shared Ownership Unit in accordance with arrangements including the minimum amount of additional equity that can be purchased on any occasion and the maximum number of such purchases that can be made by a lessee to be agreed by the Affordable Housing Provider and “Staircased” shall be construed accordingly;

Staircasing means in the context of Shared Ownership Leases the purchase by the residential occupier of additional equity shares in the dwelling from the RP after the grant of the initial equity share.