Right to Shared Ownership definition

Right to Shared Ownership means the right for a tenant to purchase an eligible dwelling on Shared Ownership Lease terms as more particularly described in the RTSO Guidance and the Capital Funding Guide;
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Right to Shared Ownership means the right for eligible tenants of the AHP Dwellings (other than any RTSO Exempted Dwellings) to purchase such AHP Dwelling on Shared Ownership Lease terms as more particularly described in the RTSO Guidance;
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Examples of Right to Shared Ownership in a sentence

  • For example, if your home was completed in April 2023 and you used the Right to Shared Ownership to buy an equity stake in your home in April 2026, there would be 7 years left on your Initial Repair Period.

  • This section aims to take you through each stage of the Right to Shared Ownership application process.

  • If your home is eligible, you can complete the Right to Shared Ownership application form.

  • As you will need to have lived in your home for at least 12 months before using the Right to Shared Ownership, the maximum length of time the Initial Repair Period will apply to any home purchased using the Right to Shared Ownership is 9 years.

  • Step 1: Pre-application Before beginning the application process, you should contact your landlord to register your interest in using the Right to Shared Ownership.

  • Rent on the equity stake in your home not acquired by you: Using the Right to Shared Ownership, you can buy an equity stake in your home worth between 10% and 75% of its full market value.

  • If your home was completed in April 2023 and you used the Right to Shared Ownership to purchase an equity stake in your home in April 2034, your home would be 11 years old.

  • If your landlord is unable to offer you a lease term of at least a certain length (e.g. at least 99 years), it may not be possible to buy an equity stake in your home using the Right to Shared Ownership.

  • You can apply for the Right to Shared Ownership if you live on your own or you can make a joint application.

  • Use of a regulated independent financial and/or mortgage advisor to complete your affordability assessment is a mandatory requirement of the Right to Shared Ownership application process.

Related to Right to Shared Ownership

  • Shared Ownership Lease means a shared ownership lease that meets:

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Certificate of Beneficial Ownership means, for each Borrower, a certificate in form and substance acceptable to Agent (as amended or modified by Agent from time to time in its sole discretion), certifying, among other things, the Beneficial Owner of such Borrower.

  • Registered Owner means the owner of record of a Direct Account on the books and records of the Fund maintained by BNYM as registrar of the Fund (the “Fund Registry”).

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Voting Rights The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to each Class of Notional Amount Certificates, if any (such Voting Rights to be allocated among the holders of Certificates of each such Class in accordance with their respective Percentage Interests), and (b) the remaining Voting Rights (or 100% of the Voting Rights if there is no Class of Notional Amount Certificates) shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on such date.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Ownership means, for purposes of this definition, control of more than a 50% interest in an entity.