Staircasing definition
Staircasing means the acquisition after the date of the Initial Purchase of additional tranches of equity in the Shared Ownership Unit, 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 the Leaseholder from the Landlord of a Proportioned Percentage from time to time pursuant to this Lease.
Staircasing means the acquisition by a London Shared Ownership Lessee of additional equity in a London Shared Ownership Housing Unit up to a maximum of 100 per cent equity and "Staircased" shall be construed accordingly;
Examples of Staircasing in a sentence
In respect of any Shared Ownership Dwellings owned and managed by an RP any Staircasing Payment received by the RP shall be applied by the RP to the provision of additional Affordable Housing within the District.
If a Mortgagee enforces its security in respect of the Loan then (subject to the other provisions of this Clause 5.15 the Mortgagee is entitled to deduct the amount of the Mortgagee Protection Claim from monies that would otherwise be paid to the Landlord as the price for the Final Staircasing.
There is no obligation on a Mortgagee to accomplish Final Staircasing.
From the gross sales receipt the Grant Recipient can deduct Staircasing allowance and any Deemed Loan Debt apportioned as appropriate as eligible deductions.
The costs of any determination by the Valuer pursuant to the provisions of this Schedule 6 (Staircasing Provisions ) shall be paid by the Leaseholder to the Landlord on demand.
More Definitions of Staircasing
Staircasing means the purchase by the owners of additional equity in a Shared Ownership Unit or Shared Equity un it;
Staircasing means the purchase by the owner of additional equity in a Shared Ownership Unit and “Staircased” and “Staircases” shall be construed accordingly;
Staircasing the exercise by the occupier of a Shared Ownership Unit of the right to purchase further equity shares up to 100% of the entire interest in that dwelling after which the rent payable on any equity share retained by the Affordable Housing Provider shall be reduced proportionally
Staircasing where an occupant of a shared ownership unit increases their percentage of equity in the property;
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, where the Owner for the time being of the Dwelling is a Registered Provider of Social Housing, an arrangement under which the ownership of the Dwelling is shared between the landlord and the tenant “Site” means the land the subject of this Agreement, being the plot of land in the Parish of in the County of as and known as and is shown edged red on the Plan 1 and this term shall following the completion of the Development whether in whole or in part include the Dwelling “Valuation Price” The price shall be determined by the District Valuer or such other suitable qualified official as shall be agreed in writing between the parties and shall take into account the following: 1. The Owner shall meet all reasonable fees and expenses charged by the District Valuer (or such other appointed person or company) in determining the price 2. In determining the price the District Valuer (or such other appointed person or company) shall disregard and expenditure incurred by the Owner in the construction of the Dwelling or on their fixtures and fittings or the maintenance or refurbishment of the Dwelling or the replacement or renewal of its fixtures and fittings that shall in his (the District Valuer’s (or such other appointed person or company)) opinion be excessive or unreasonable in relation to the standards normally applicable to social housing within the area of District Council In preparing his Valuation Report the District Valuer (or such other appointed person or company) shall act as an expert and not as an arbitrator “Valuation Report” 1.2 References in thi to any Regulation time being in force 1.3 The Interpretation Act of Parliament means a report prepared by the District Valuer in accordance with paragraph 1(2) of Schedule 1 and in accordance with the Valuation Price s agreement to an Act of Parliament include a reference s made under it and to any statutory provision for the amending re-enacting or replacing it or them ▇▇▇ ▇▇▇▇ applies to this Agreement as it applies to an
Staircasing means the acquisition by a London Shared Ownership