Shared Ownership Property definition

Shared Ownership Property means any Mortgaged Property occupied or to be occupied pursuant to a Shared Ownership Lease where the Chargor holds, or will hold upon disposal on shared ownership terms by the grant of the Shared Ownership Lease, less than 100 per cent of the beneficial interest in that Mortgaged Property and the purchaser of the balance of that beneficial interest has the right to acquire a further portion of the Chargor's retained beneficial interest
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Shared Ownership Property means any property acquired by the Issuer or any Charging Group Member then being occupied on shared ownership terms or in respect of which the Issuer or the relevant Charging Group Member, as the case may be, grants a lease on shared ownership terms so that the Issuer or the relevant Charging Group Member holds, or is intending to hold upon disposal on shared ownership terms, less than 100 per cent. of the beneficial (or heritable) interest in that property and the purchaser of the balance of that beneficial (or heritable) interest has the right to acquire a further portion of the Issuer's or the relevant Charging Group Member's retained beneficial (or heritable) interest;
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Shared Ownership Property means any property acquired by the Issuer then being occupied on shared ownership terms or in respect of which the Issuer grants a lease on shared ownership terms so that the Issuer holds, or is intending to hold upon disposal on shared ownership terms, less than 100 per cent. of the beneficial (or heritable) interest in that property and the purchaser of the balance of that beneficial (or heritable) interest has the right to acquire a further portion of the Issuer's retained beneficial (or heritable) interest;
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Examples of Shared Ownership Property in a sentence

  • Shared Ownership Property means any Mortgaged Property occupied or to be occupied pursuant to a Shared Ownership Lease where the Borrower holds, or will hold upon disposal on shared ownership terms by the grant of the Shared Ownership Lease, less than 100 per cent.

  • Glen Coulthard, Red Skin, White Masks: Rejecting the Colonial Politics of Recognition (University of Minnesota Press, 2014) 72; Brian Egan, ‘Towards Shared Ownership: Property, Geography, and Treaty Making in British Columbia’ (2013) 95(1) Taylor & Francis 33, 46; Andrew Woolford, ‘Genocide, Affirmative Repair, and the British Columbia Treaty Process’ in Transitional Justice (Rutgers University Press, 2010) 137, 151.

  • A brief list follows:- Bankruptcy Search Brine Search Coal Mining Search Commons Registration Search Company Search Environmental Search HM Land Registry Search HM Land Charges Search Index Map Search Local Search Tin Mining Search Water Authority/Drainage Search Seller – This is the person selling the property sometimes also known as the Vendor Shared Ownership Property – This is where a property has been bought jointly with the Council or a Housing Association.

  • Brian Egan, ‘Towards Shared Ownership: Property, Geography, and Treaty Making in British Columbia’ (2013) 95(1) Taylor & Francis33, 44.

  • Shared Ownership Property means any Mortgaged Property occupied or to be occupied pursuant to a Shared Ownership Lease where the Borrower holds, or will hold upon disposal on shared ownership terms by the grant of the Shared Ownership Lease, less than 100% of the beneficial interest in that Mortgaged Property and the purchaser of the balance of that beneficial interest may have the right to acquire a further portion of the Borrower's retained beneficial interest.

  • Brian Egan, ‘Towards Shared Ownership: Property, Geography, and Treaty Making in British Columbia’ (2013) 95(1) Taylor & Francis33, 43.

  • Therefore, upon termination, nonrenewal, or expiration of a franchise agreement, a franchisor must, if the franchisee requests it, repurchase at fair market value the inventory, supplies, goods, fixtures, equipment, and furnishings of the franchise business.

  • Brian Egan, ‘Towards Shared Ownership: Property, Geography, and Treaty Making in British Columbia’ (2013) 95(1) Taylor & Francis33, 41.

  • Shared Ownership Property means any Mortgaged Property occupied or to be occupied pursuant to a Shared Ownership Lease where the Chargor holds, or will hold upon disposal on shared ownership terms by the grant of the Shared Ownership Lease, less than 100 per cent of the beneficial interest in that Mortgaged Property and the purchaser of the balance of that beneficial interest may have the right to acquire a further portion of the Chargor's retained beneficial interest.

  • Buy on the open marketBuy a Discounted Home on the open market (please see page 6 for details) Buy a Shared Ownership Property (please see page 6 for details)Rent from a Private LandlordRent from a Housing Association Rent from a Local CouncilOther (please specify)…………………………………………………………..


More Definitions of Shared Ownership Property

Shared Ownership Property means any property of the Borrower which is occupied on shared ownership terms so that the Borrower holds less than 100 per cent of the beneficial interest in that property and the purchaser of the balance of that beneficial interest has the right to acquire a further portion of the Borrower's retained beneficial interest.
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Related to Shared Ownership Property

  • 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.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • 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.

  • Environmental Attributes means any and all credits, benefits, emissions reductions, offsets, and allowances, howsoever entitled, attributable to the System, the production of electrical energy from the System and its displacement of conventional energy generation, including (a) any avoided emissions of pollutants to the air, soil or water such as sulfur oxides (SOx), nitrogen oxides (NOx), carbon monoxide (CO) and other pollutants; (b) any avoided emissions of carbon dioxide (CO2), methane (CH4), nitrous oxide, hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride and other greenhouse gases (GHGs) that have been determined by the United Nations Intergovernmental Panel on Climate Change, or otherwise by law, to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere; and (c) the reporting rights related to these avoided emissions, such as Green Tag Reporting Rights and Renewable Energy Credits. Green Tag Reporting Rights are the right of a party to report the ownership of accumulated Green Tags in compliance with federal or state law, if applicable, and to a federal or state agency or any other party, and include Green Tag Reporting Rights accruing under Section 1605(b) of The Energy Policy Act of 1992 and any present or future federal, state, or local law, regulation or xxxx, and international or foreign emissions trading program. Environmental Attributes do not include Environmental Incentives and Tax Credits. Purchaser and Seller shall file all tax returns in a manner consistent with this Section 5. Without limiting the generality of the foregoing, Environmental Attributes include carbon trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags tradable renewable credits and Green-e® products.