Common use of Shared Ownership: Sale of a Repurchased Property Clause in Contracts

Shared Ownership: Sale of a Repurchased Property. 4.2.1 The eligible deductions from the Gross Sale Receipts are the valuation and legal expenses of the disposal. 4.2.2 If the Net Sale Receipts are insufficient to enable the recovery of all the attributable grant, then recovery of the shortfall may (with the Agency's consent) be deferred to the next staircasing sale. 4.2.3 Where recovery is deferred, the Grant Recipient must provide such supporting documentation and information to the Agency as the Agency may reasonably require.

Shared Ownership: Sale of a Repurchased Property. 4.2.1 The eligible deductions from the Gross Sale Receipts gross sale receipts are the valuation and legal expenses of the disposal. 4.2.2 If the Net Sale Receipts net sale receipts are insufficient to enable the recovery of all the attributable grant, then recovery of the shortfall may (with the Agency's consent) be deferred to the next staircasing sale. 4.2.3 Where recovery is deferred, the Grant Recipient Landlord must provide such supporting documentation and information to the Agency as the Agency may reasonably require.