First Homes definition

First Homes means Dwellings constructed to Space Standards which may be disposed of as a freehold or (in the case of flats only) as a leasehold property to a First Time Buyer at the Discount Market Price and which on its first Disposal does not exceed the Price Cap (each as defined in Part 8 of Schedule 2 )
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First Homes means an Affordable Housing Unit which may be disposed of as a
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First Homes means a Residential Unit which may be Disposed of as a freehold or (in the case of flats only) as a leasehold property to a First Time Buyer at the Discount Market Price and which on its first Disposal does not exceed the Price Cap the internal specification of which shall not by reasons of being of First Homes be inferior to the internal specification of equivalent Open Market Units constructed to the Development Standard; “First Home Owner” means the person or persons having the freehold or long leasehold/leasehold interest (as applicable) in a First Home other than: 1) the Owner; or 2) another developer or other entity to which the freehold interest or long leasehold/leasehold interest in a First Home or Long Lease/ leasehold interest in the land on which a First Home is to be provided has been transferred before that First Home is made available and is disposed of for occupation as a First Home; or 3) the freehold a tenant or sub-tenant of a permitted letting under paragraph 10 (use of the First Homes); “First Homes Units” means the Residential Unit to be occupied as a First Home in accordance with the terms of this Deed and reference to a “First Homes Unit” shall be to any one of them;
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Examples of First Homes in a sentence

  • A First Homes Owner may let or sub-let their First Home pursuant to this paragraph more than once during that First Homes Owner’s period of ownership, but the aggregate of such lettings or sub-lettings during a First Homes Owner’s period of ownership may not exceed two (2) years.

  • Local authorities will be able to set lower price caps to ensure that First Homes are right for the local market.

  • WARNING: This First Homes Authority to Proceed may be withdrawn at any time if the homebuyer does not comply with, or satisfy, [Local Authority]'s eligibility criteria).

  • It is recommended you seek independent financial advice before you purchase so you are clear on how First Homes works.

  • Before you proceed, make sure you are familiar with the Homebuyers' guide to First Homes which explains how it works.

  • After reporting a matter you should not complete the First Homes purchase until you have received from [Local Authority] our further written instructions.

  • This shows you are eligible and entitled to be a First Homes owner.

  • The execution and delivery of this Agreement by First Home and the completion by First Home of the transactions contemplated hereby have been duly and validly approved by the Board of Directors of First Home and, except for approval by the shareholders of First Home as required under the NJBCA, First Home's certificate of incorporation and bylaws and Nasdaq requirements applicable to it, no other corporate proceedings on the part of First Home are necessary to complete the transactions contemplated hereby.

  • Interest only mortgages will not be approved for First Homes purchases.

  • Except as disclosed in the First Home Disclosure Schedule or in First Home's proxy statement for its April 25, 1997 annual meeting of shareholders, all such transactions (a) were made in the ordinary course of business, (b) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other Persons, and (c) did not involve more than the normal risk of collectability or present other risks or unfavorable features.


More Definitions of First Homes

First Homes means each and every Affordable Housing Unit comprising Intermediate Housing as may be included within the Affordable Housing Scheme approved by the Council and designated for sale by the Owner to a person or persons meeting the First Homes Eligibility Criteria at a discount from Market Value. Such discount shall be sufficient to enable each of the relevant Affordable Housing Units to meet the criteria of Affordable Housing and in any event shall not be less than 30% of the Market Value as shall be determined at the point of sale of each such First Homes unit in perpetuity;
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First Homes means a dwelling defined in and disposed of pursuant to Part 2 of this Schedule
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First Homes or “First Home” an Affordable Housing Unit which may be disposed of
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Related to First Homes

  • Abbeyfield Home means an establishment run by the Abbeyfield Society including all bodies corporate or unincorporated which are affiliated to that society;

  • First Horizon First Horizon Home Loan Corporation, a Kansas corporation and an indirect wholly owned subsidiary of First Tennessee National Corporation, a Tennessee corporation. Fitch: Fitch Ratings or any successor thereto. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 11.5(b) the address for notices to Fitch shall be Fitch, Inc., ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Residential Mortgage Surveillance Group, or such other address as Fitch may hereafter furnish to the Depositor and the Master Servicer.

  • Capitol hill complex means the grounds and buildings within the area bounded by 300 North Street, Columbus Street, 500 North Street, and East Capitol Boulevard in Salt Lake City.

  • Boathouse (NR 115.03(1h)) means a permanent structure used for the storage of watercraft and associated materials and includes all structures which are totally enclosed, have roofs or walls or any combination of these structural parts.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.