Open Market Dwellings definition
Examples of Open Market Dwellings in a sentence
The Owner shall not Occupy or permit the Occupation of more than 75% of the Open Market Dwellings until all of the Off-Site Affordable Housing Contribution has been paid to the District Council.
The Owners covenant with the Council to notify the Council of any proposals for the sale on the open market by open tender of serviced housing land parcels for Open Market Dwellings within Viability Phase One to afford the Council or its nominee the opportunity to submit an offer for the purchase of any such land parcels for the provision of further Affordable Housing Units PROVIDED ALWAYS that the disposal of any such land parcels shall remain at the absolute discretion of the Owners.
The Owner shall not Occupy or permit the Occupation of more than 50% of the Open Market Dwellings until 50% of the Off-Site Affordable Housing Contribution has been paid to the Council.
Off Site Affordable Housing Contribution The Owner covenants to pay the Off-Site Affordable Housing Contribution to the District Council as follows: 50% prior to the Occupation of 50% of the Open Market Dwellings; and 100% prior to the Occupation of 75% of the Open Market Dwellings.
Not to cause or permit the Occupation of more than 65% of the Open Market Dwellings until the Owner has executed and provided a deed of Transfer for the Informal Outdoor Space to the Parish Council for the consideration of £1.