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.
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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;
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Shared Ownership Dwellings means those Dwellings in the Development that are to be provided as Shared Ownership Housing
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Examples of Shared Ownership Dwellings in a sentence

  • The statement of comprehensive income reflects the profits and losses on contracts completed prior to the end and the results of current contracts based on the percentage of completion method.

  • 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.

  • The common law has developed a series of categories in which A is required to act on B’s behalf, namely where a duty to act is created by contract or statute, where one person has consented to take responsibility to act on another’s behalf, where the situation to be resolved has been created by the person required to act to resolve it, or where there is a special relationship (for example a parent/child relationship) between the two.

  • If the persons identified in accordance with clause 1.16 above are approved by the Housing Association the Owner shall offer to sell individually each of the YYYY Shared Ownership Dwellings and ZZZZ Shared Equity Dwellings to the Housing Association.

  • 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.

  • In respect of any initial sale of any of the YYYY Shared Ownership Dwellings and ZZZZ Shared Equity Dwellings by the Housing Association.

  • Likewise, having the additional flexibility to fine-tune the external input component of ˙adu[n] at the same granularity as its readout component (i.e., at the level of the individual step with the index, n) would provide a means for training the LSTM cell to suppress interference due to noisy or spurious input samples.As a mechanism for adjusting the contribution of the external input, Equation 106 introduced the control input gate, ˙gcx[n], which we will apply to the convolution term in Equation 186.

  • 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.

  • The Owner covenants with the Council to construct and complete at its own cost the YYYY Shared Ownership Dwellings and ZZZZ Shared Equity Dwellings on the Land and transfer them to the Housing Association in accordance with the Transfer Trigger provisions of Schedule 6 and clauses 1.17 to 1.21 of this Agreement.


More Definitions of Shared Ownership Dwellings

Shared Ownership Dwellings means Affordable Housing occupied subject to a Shared Ownership Lease
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Shared Ownership Dwellings means those Affordable Dwellings to be
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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:
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Shared Ownership Dwellings. Dwellings purchased on a Shared Ownership Lease
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Shared Ownership Dwellings means those Affordable Housing 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;
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Related to Shared Ownership Dwellings

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

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • 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.

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

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

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • 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 Flats / apartments / Units which are retained and/or not alienated and/or not agreed to be alienated for the time being by the Vendors and/or the Builder.

  • 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.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

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

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Stock Ownership means any direct or indirect ownership of Stock, including any ownership by virtue of application of constructive ownership rules, with such direct, indirect, and constructive ownership determined under the provisions of Section 382 of the Code and the regulations thereunder.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Multi-family dwelling means a structure that contains more than one separate dwelling unit, which is used, or occupied, or intended to be used or occupied, in whole, or in part as the home or residence of one or more persons.

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

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.