Lease Buyback Scheme definition

Lease Buyback Scheme means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money —
Lease Buyback Scheme means a scheme by that name administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money part of which is to be used for the payment of the premium for an annuity plan under the Lifelong Income Scheme established and maintained by the Board under section 27K;
Lease Buyback Scheme means a scheme administered by the Housing and Development Board, under which a lessee of an

Examples of Lease Buyback Scheme in a sentence

  • For HDB homeowners, you may want to find out more about the HDB Lease Buyback Scheme here.

  • HDB also provides Lease Buyback Scheme since 2009 to allow elderly homeowners to sell part of the flat lease to HDB.

  • Many can also choose to get cash by unlocking the value in their homes, such as by using the enhanced Lease Buyback Scheme or the Silver Housing Bonus, or by renting out a room or the whole flat.

  • The latest in monetisation options for elderly flat owners is the Lease Buyback Scheme (LBS) launched in 2008.

  • This research very much emphasizes the possible progression of children with IDD through early intervention and comprehensive education, but it leaves unanswered the question of care as they transition towards adulthood.Regarding wealth solutions to extract home equity, prior work has been done on creative programs like HDB’s Lease Buyback Scheme, reverse mortgages, and rental housing deregulation (e.g., Phang, 2017; Phang et al., 2014).

  • The Enhanced Lease Buyback Scheme (LBS) is an additional monetisation option to help low-income elderly households in 3-room and smaller flats, to unlock part of their housing equity while they continue to live in their homes, and receive a lifelong income stream to supplement their retirement income.

  • The Lease Buyback Scheme implemented since March 2009 is yet another policy/ service innovation which provides a monetization option for the elderly, allowing them to age in place with a steady income stream.

  • Such conditions shall be set forth in the resolution authorizing such special permit use and in the special use permit.

  • MND is reviewing enhancements to existing options, including whether to extend the Enhanced Lease Buyback Scheme (LBS) to larger flat types.

  • Some 9,450 grassroots leaders (GRLs), CDC district councillors, government leaders, policy makers and residents attended the sessions which included the following dialogues on Protection from Online Falsehoods and Manipulation Bill, Supporting Singapore Workforce, Strengthening Support for Older Workers and Housing Development Board (HDB) Lease Buyback Scheme.


More Definitions of Lease Buyback Scheme

Lease Buyback Scheme means a scheme administered by the HDB, under which a lessee of an HDB flat who has been approved by the HDB to take part in the scheme enters into an agreement with the HDB to reduce the term of the lease, in consideration of a sum of money —
Lease Buyback Scheme means a scheme administered by the Board, under which a lessee of an HDB flat who has been approved by the Board to take part in the scheme enters into an agreement with the Board to reduce the term of the lease, in consideration of a sum of money —
Lease Buyback Scheme means a scheme by that name administered by the Housing and Development Board, under which a lessee of
Lease Buyback Scheme means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to

Related to Lease Buyback Scheme

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • Major facility means any facility or activity classified as such by the regional administrator in conjunction with the board.

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Sale and Lease-Back Transaction means any arrangement providing for the leasing by the Company or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a third Person in contemplation of such leasing.

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Cashless facility means a facility extended by the insurer to the insured where the payments, of the costs of treatment undergone by the insured in accordance with the policy terms and conditions, are directly made to the network provider by the insurer to the extent pre-authorization approved.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • Market/Offer Price means the highest of (i) the price per share of Common Stock at which a tender or exchange offer therefor has been made, (ii) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer, (iii) the highest closing price for shares of Common Stock within the six-month period immediately preceding the date the Holder gives notice of the required repurchase of this Option or the Owner gives notice of the required repurchase of Option Shares, as the case may be, or (iv) in the event of a sale of all or any substantial part of Issuer's assets or deposits, the sum of the net price paid in such sale for such assets or deposits and the current market value of the remaining net assets of Issuer as determined by a nationally recognized investment banking firm selected by the Holder or the Owner, as the case may be, and reasonably acceptable to Issuer, divided by the number of shares of Common Stock of Issuer outstanding at the time of such sale. In determining the market/offer price, the value of consideration other than cash shall be determined by a nationally recognized investment banking firm selected by the Holder or Owner, as the case may be, and reasonably acceptable to Issuer.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

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  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Indefinite quantity contract means a fixed price contract that:

  • As-built drawings, as used in this clause, means drawings submitted by the Contractor or subcontractor at any tier to show the construction of a particular structure or work as actually completed under the contract. “As-built drawings” shall be synonymous with “Record

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

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  • Public space means any real property or structures thereon that are owned, leased, or controlled by a governmental entity.

  • Definite quantity contract means a fixed price contract that provides for a