Shared Ownership means the ownership of a share in a dwelling;
Shared Ownership means Affordable Housing Units made available as units for sale to Qualifying Purchasers where an RSL or the Council as the local Housing Authority or the Affordable Housing Proprietors retain a share in the ownership of the units and charge the Qualifying Purchaser an occupancy charge on that share. The terms "Shared Ownership Affordable Housing" and "Shared Ownership Affordable Housing Units" shall be construed accordingly;
Shared Ownership means subsidised housing provided by an Affordable Housing Provider for sale by way of a standard Homes England Shared Ownership Lease applicable to shared ownership accommodation granted on a premium payable on completion or raised by mortgage or charge under which the initial purchaser acquires an initial share of the equity in that Affordable Housing Unit and pays a rent element if required
Examples of Shared Ownership in a sentence
LEASE TYPE Shared Ownership House Lease LEASE TERM 990 years For more information, see section 2.5, ‘Lease extensions’, in the ‘Key information about shared ownership’ document.
More Definitions of Shared Ownership
Shared Ownership means any one of such units “Sinking Fund Charges” any charges required to cover the costs of replacing items or areas of a building at their expected ‘end of life’ as part of programmed repairs for that building “Social Rented Units” social rented units owned and managed by local authorities or an RP for which guideline target rents are determined through the National Rent Regime and shall bear the same meaning as described in the definition Of “Affordable housing for rent” in the NPPF and “Social Rented Unit” shall mean any one of such units “Staircase” the method by which the occupier of a Shared Ownership Unit pays a premium in order to acquire an equity (or a further equity) in such unit and "Staircasing" shall be construed accordingly “Staircasing Receipts” payments made to the RP (less reasonable costs) by a shared ownership lessee tenant or any other person for the acquisition of equity in a Shared Ownership Unit pursuant to a Staircase event “West of England Local Authorities” the Council, Bath and North East Somerset Council, North Somerset Council and South Gloucestershire Council
Shared Ownership means the Affordable Housing Units Housing” which are occupied by persons under shared ownership arrangements as defined by Section 70 (4) of the HRA 2008 where those persons have the opportunity to purchase all or substantially all the equity in the Affordable Housing Units at a later date or such other equity sharing or retention terms from time to time approved by the Council “the Site” means the land at Upnor Road, Upper Upnor, Medway and more particularly delineated edged red on the attached Plan
Shared Ownership means housing provided by a Register Provider or the
Shared Ownership means a shared equity scheme provided by a Registered Social Landlord which allows a purchaser to buy a share of the property (of at least 25%) and which property is held on a formal shared equity lease which accords with the Housing Corporation lease requirements (to ensure that leases are mortgageable) for persons who have an Intermediate Housing need
Shared Ownership disposal by means of a shared ownership lease which is a
Shared Ownership means a property available for letting under a Shared Ownership Lease
Shared Ownership means paying partly for a mortgage and partly rent so that, if the person moves, (s)he will get some of the proceeds from the sale of the property, according to how much of the original cost has been paid off. Include people who have paid off the mortgage portion.