Common use of The Properties Clause in Contracts

The Properties. 3.1 Each Property is a residential property situated in England, Wales, Northern Ireland or Scotland. 3.2 Each Property constitutes a separate dwelling unit and is either freehold, heritable, leasehold or held under a fee farm grant. 3.3 Every person who, at the date upon which an English Mortgage or a Northern Irish Mortgage was granted, had attained the age of eighteen and was or was in or about to be in actual occupation of the relevant Property, is either named as a Borrower or has signed a Deed of Consent in the form of the pro forma contained in the Standard Documentation. At the date upon which any Scottish Mortgage was granted, all necessary MH/CP Documentation had been obtained so as to ensure that neither that Scottish Mortgage nor the related Property is subject to or affected by any statutory right of occupancy (save that in relation to any Scottish Mortgage originated on or after 20 December 2005 and before December 2006, no such documentation had been obtained with respect to the Civil Partnerships Act 2004). 3.4 No Property has been let otherwise than by way of: (a) an assured shorthold tenancy which meets the requirements of Section 19A or Section 20 of the Housing Xxx 0000; (b) an assured tenancy; (c) a short assured tenancy which meets the requirements of Section 32 of the Housing (Scotland) Xxx 0000; or (d) a private residential tenancy, in each case which also meets the requirements of the Seller's Policy in connection with lettings to non-owners. 3.5 No Property is the subject of a shared ownership lease arrangement or staircase purchasing arrangement.

Appears in 4 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement, Mortgage Sale Agreement

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The Properties. 3.1 Each Property is a residential property situated in England, Wales, Northern Ireland or Scotland. 3.2 Each Property constitutes a separate dwelling unit and is either freehold, heritable, leasehold or held under a fee farm grant. 3.3 Every person who, at the date upon which an English Mortgage or a Northern Irish Mortgage was granted, had attained the age of eighteen and was or was in or about to be in actual occupation of the relevant Property, is either named as a Borrower or has signed a Deed of Consent in the form of the pro forma contained in the Standard Documentation. At the date upon which any Scottish Mortgage was granted, all necessary MH/CP Documentation had been obtained so as to ensure that neither that Scottish Mortgage nor the related Property is subject to or affected by any statutory right of occupancy (save that in relation to any Scottish Mortgage originated on or after 20 December 2005 and before December 2006, no such documentation had been obtained with respect to the Civil Partnerships Act 2004). 3.4 No Property has been let otherwise than by way of: (a) an assured shorthold tenancy which meets the requirements of Section 19A or Section 20 of the Housing Xxx 0000Act 1988; (b) an assured tenancy; (c) a short assured tenancy which meets the requirements of Section 32 of the Housing (Scotland) Xxx 0000Act 1988; or (d) a private residential tenancy, in each case which also meets the requirements of the Seller's Policy in connection with lettings to non-owners. 3.5 No Property is the subject of a shared ownership lease arrangement or staircase purchasing arrangement.

Appears in 2 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement

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The Properties. 3.1 Each Property is a residential property situated in England, Wales, Northern Ireland or Scotland. 3.2 Each Property constitutes a separate dwelling unit and is either freehold, heritable, leasehold or held under a fee farm grant. 3.3 Every person who, at the date upon which an English Mortgage or a Northern Irish Mortgage was granted, had attained the age of eighteen and was or was in or about to be in actual occupation of the relevant Property, is either named as a Borrower or has signed a Deed of Consent in the form of the pro forma contained in the Standard Documentation. At the date upon which any Scottish Mortgage was granted, all necessary MH/CP Documentation had been obtained so as to ensure that neither that Scottish Mortgage nor the related Property is subject to or affected by any statutory right of occupancy (save that in relation to any Scottish Mortgage originated on or after 20 December 2005 and before December 2006, no such documentation had been obtained with respect to the Civil Partnerships Act 2004). 3.4 No Property has been let otherwise than by way of: (a) an assured shorthold tenancy which meets the requirements of Section 19A or Section 20 of the Housing Xxx 0000; (b) an assured tenancy;; or (c) a short assured tenancy which meets the requirements of Section 32 of the Housing (Scotland) Xxx 0000; or (d) a private residential tenancy, in each case which also meets the requirements of the Seller's Policy in connection with lettings to non-owners. 3.5 No Property is the subject of a shared ownership lease arrangement or staircase purchasing arrangement.

Appears in 1 contract

Samples: Mortgage Sale Agreement

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