Examples of S106 Agreement in a sentence
The Applicant commits to cover (terms and timings of payments defined in Appendix 5): • PPA fee – fee payable on agreement of the PPA (this document); • the relevant planning application fee; • MBC’s reasonable legal costs incurred associated with the preparation of the S106 Agreement.
The first of these stipulates that where the property is repossessed, the Mortgagee in Possession will be affected by all restrictions stipulated within the S106 Agreement.
The Association [shall develop] [is developing] the Land by building on the Land [or part thereof] Affordable Housing units [pursuant to the S106 Agreement] and in compliance with statute currently in force and the Association shall make reasonable endeavours to ensure the units are affordable to Nominees subject to the provisions of this Deed.
The role of this document will be to provide a standard model S106 Agreement to be used to secure affordable housing in the county.
The Association may choose to offer to grant any Nominee a Shared Ownership Lease subject to the priorities contained in the Council’s Allocation Criteria and in the S106 Agreement (if any).