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Shared Ownership Dwellings definition

Shared Ownership Dwellings. Means the Affordable Housing Dwellings to be constructed pursuant to the Planning Permission and transferred to a Registered Provider for allocation to persons as a form of low cost home ownership on a part buy/part rent basis in accordance with a form of lease permitted by the Homes and Communities Agency and on the terms prescribed in the Third Schedule to this Agreement.
Shared Ownership Dwellings means those Dwellings in the Development that are to be provided as Shared Ownership Housing
Shared Ownership Dwellings unless otherwise agreed in writing with the District Council a Dwelling (which may previously have been Rent to Buy Dwelling) purchased on a shared equity basis whereby not more than 75% and not less than 10% of the equity in the relevant Dwelling is initially sold to the purchaser by the Provider with the flexibility to increase their degree of ownership to 100% if they so wish and in respect of which rent is payable on the remaining equity at a level no greater than that equivalent to that obtained by applying the current Homes England rent rate applicable at the relevant time to the market value of the remaining equity. The percentage of equity initially to be sold shall be set having regard to local incomes and the Owner shall have regard to good practice issued by Homes England from time to time;

Examples of Shared Ownership Dwellings in a sentence

  • Shared Ownership Dwellings not depreciated.Property, Plant & Equipment: Vehicles, Plant and EquipmentVaries from 3 to 40 years according to the estimated life of each asset.

  • In respect of any Shared Ownership Dwellings owned and managed by an RP any Staircasing Payment received by the RP shall be applied by the RP to the provision of additional Affordable Housing within the District.

  • Paragraph 1.3 of Part 3 sets out the standard terms for disposals of Shared Ownership Dwellings.

  • No depreciation is charged on Shared Ownership Dwellings; g) Revaluation gains are also depreciated.

  • Paragraph 1.4 of Part 3 sets out the standard management requirements for the Registered Provider, including nominations for Shared Ownership Dwellings to be through Devon Home Choice.

  • I5 The following terms (and those related to them) referred to at Condition 3 shall be defined as set out below:Affordable Housing means Social Rented Dwellings, Affordable Rented Dwellings and Shared Ownership Dwellings meeting Scheme Design and Quality Standards at costs below those associated with open market housing and which is available to, affordable by and occupied only by those in Housing Need.

  • Vapours given off by cleaning agents and oils are also a potential health hazard.You should therefore dispose of any oily cloths safely and immediately.

  • The Owner offers the Registered Provider [title absolute] of the [Affordable Rented Dwellings] [RP Shared Ownership Dwellings] [Rent to Buy Dwellings] shown edged red on the attached plan (the "Affordable Dwellings") for the consideration of £[ ].

  • Lender shall hold all nonpublic information obtained pursuant to the requirements hereof and identified as such by a Borrower in accordance with such Person's customary procedures for handling confidential information of this nature and in accordance with safe and sound business practices and in any event may make disclosure to such of its respective Affiliates, officers, directors, employees, agents and representatives as need to know such information in connection with the Loans.

  • Pursuant to the amortising revolving facility agreement (the Facility Agreement), entered into by and between the Finance Parties (as defined therein) and the Pledgor's wholly-owned subsidiary Metro Sweden Holding AB, registration number 556625-7530 (the Borrower), on 18 June 2002, the Lenders (as defined in the Facility Agreement) have agreed to make a loan facility of SEK 400,000,000 available to the Borrower.


More Definitions of Shared Ownership Dwellings

Shared Ownership Dwellings means those Affordable Dwellings to be
Shared Ownership Dwellings means Affordable Housing occupied subject to a Shared Ownership Lease
Shared Ownership Dwellings dwellings to be let on a Shared Ownership Lease to a household for which the household income does not exceed eighty thousand pounds (£80,000) per annum or such other household income for the time in force in accordance with the terms as set out in Homes England’s capital funding guide
Shared Ownership Dwellings. Dwellings purchased on a Shared Ownership Lease “Shared Ownership Lease” a lease in a form approved by the HCA or where there is no such form in a form approved by the Council such lease to provide for the following: - not more than 75% and not less than 25% of the equity (or such other percentages the Council may agree) shall be initially sold to the purchaser by the Provider - power to the purchaser to increase their ownership up to 100% if they so wish - an initial rent not exceeding 2.75% of the value of the equity retained by the Provider subject to annual increases not exceeding Retail Price Index (All Items) published by the Office for National Statistics (or if such index ceases to be published such other index as the Council shall reasonably determine) plus 0.5% or such other rent as complies with the requirements from time to time of the HCA The Owner hereby covenants with the Council as follows:
Shared Ownership Dwellings means the five (5) Dwellings to be used exclusively for the purposes of Shared Ownership Housing, subject to the terms of this Schedule 2, and the use in this Schedule 2 of the term “Shared Ownership Dwelling” shall be construed accordingly; “Shared Ownership Housing” means housing let on a Shared Ownership Lease to a household for which the household income does not exceed eighty thousand pounds (£80,000) per annum or such other household income for the time being in force in accordance with terms in the Regulator of Social Housing capital funding guide;
Shared Ownership Dwellings. Dwellings purchased on a Shared Ownership Lease

Related to Shared Ownership Dwellings

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

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • Unit Owners shall according to the context, mean all purchasers and/or intending purchasers of different Flats / apartments / Units in the Buildings and shall also include the Builder in respect of such

  • Voting Interests means shares of capital stock issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

  • Joint Ownership - (also known as equity JVs) means the establishment by two parent companies of a child company for a specific task within which both parent companies invest in order to overcome the limited capabilities vested within them in order that they can both benefit from the combined investment.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Participating Interest is defined in Section 1.2(d) hereof.

  • 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.

  • Ownership Share means, with respect to any Subsidiary of a Person (other than a Wholly Owned Subsidiary) or any Unconsolidated Affiliate of a Person, the greater of (a) such Person’s relative nominal direct and indirect ownership interest (expressed as a percentage) in such Subsidiary or Unconsolidated Affiliate or (b) such Person’s relative direct and indirect economic interest (calculated as a percentage) in such Subsidiary or Unconsolidated Affiliate determined in accordance with the applicable provisions of the declaration of trust, articles or certificate of incorporation, articles of organization, partnership agreement, joint venture agreement or other applicable organizational document of such Subsidiary or Unconsolidated Affiliate.

  • Single-family housing means housing accommodations designed as a residence for not more than 1 family.