Shared Ownership Unit definition

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 Affordable Housing Units which are to be provided by way of Shared Ownership on the Affordable Housing Land

Shared Ownership Unit means a unit of Affordable Housing to be made available by an Affordable Housing Provider under a Shared Ownership Lease;

Examples of Shared Ownership Unit in a sentence

• Subject to paragraph 4 of this Schedule, the Owner shall not Occupy or permit Occupation of each Shared Ownership Unit unless and until the AHP has entered into a Shared Ownership Lease in respect of that Shared Ownership Unit with a Qualifying Person with a Local Connection.

• The initial Disposal of each Shared Ownership Unit allocated for Shared Ownership Housing to a person who is proposed to become an Occupier shall (unless otherwise agreed in writing by the Council) include the following terms: tThe Disposal shall not involve the sale of an equity stake of less than 5% or more than 75%; and tThe rent payable under the Shared Ownership Lease shall not amount to more than 2.75% of the Market Value of the unsold equity of the relevant Shared Ownership Housing Unit.

More Definitions of Shared Ownership Unit

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

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 an Affordable Housing Unit which is disposed of by

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

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. 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 means a dwelling sold under a shared ownership lease and complying with the provisions contained in Part 3 of this SCHEDULE 1;“Social Rent Unit”means a Dwelling which is to be solely occupied in accordance with this Deed and let under an Appropriate Tenancy and at a rent set in accordance with the National Rent Regulatory Framework. Schedule 1