Shared Ownership Terms definition

Shared Ownership Terms means the Affordable Housing Unit is let:-
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Shared Ownership Terms means terms pursuant to a lease of an
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Shared Ownership Terms the Dwelling is let: (a) In accordance with 'shared ownership arrangements' within the meaning of section 70(4) of the 2008 Act; and (b) On a lease in the form of the Homes and Communities Agency or Homes England standard lease on terms where: (i) The percentage of the value of the Dwelling paid as a premium on the day in which a lease is granted under the shared ownership arrangement does not exceed 75 (seventy five) per cent of the market value (where the market value at any time is the price which the Dwelling might reasonably be expected to fetch if sold at that time on the open market); (ii) On the day on which a lease is granted under the shared ownership arrangements, the annual rent payable is not more than 3 (three) per cent of the value of the unsold interest; and (iii) In any given year the annual rent payable does not increase by more than the percentage increase in the CPI30 for the year to September immediately preceding the anniversary of the day on which the lease was granted plus one per cent; The annual expenditure on aggregate rent, mortgage and service charges do no exceed Shared Ownership Costs;
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Examples of Shared Ownership Terms in a sentence

  • The Board may determine that it will provide properties on Shared Ownership Terms.


More Definitions of Shared Ownership Terms

Shared Ownership Terms. Means terms pursuant to a lease of an Affordable Housing Unit disposed of a type described in (a) of the definition of “shared ownership arrangements” in S70(4) of the Housing and Regeneration Xxx 0000 and marketed in accordance with the requirements of the HCA Affordable Housing Capital Funding Guide (AHCFG) or any replacement guidance issued by the HCA or any successor body such lease to permit an initial purchase of between 25% and 75% of the open market value of the relevant Shared Ownership Unit
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Shared Ownership Terms means Shared Ownership Housing Units that comply with the definition of 'Intermediate Affordable Housing' contained in the National Planning Policy Framework, the Affordability Criteria and the figures published annually by the Mayor of London in the Annual Monitoring Report or any successor public authority to reflect changes in income/house prices ratios and which aim to ensure that they provide for households with a range of incomes below the upper limit of the affordability criteria for Intermediate ownership products by providing a mix of unit sizes (measured by number of bedrooms) PROVIDED THAT in default of such figures being so published on an annual basis such sums may be amended from time to time by agreement between the Council and the Affordable Housing Provider having regard to changes in income/house-price ratios relating to the Council's area;
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Shared Ownership Terms terms of Disposal contained in model shared ownership leases published by the HCA from time to time whereby (i) an Affordable Housing Provider sells shares in the equity of a dwelling to an occupier who pays rent upon the remainder and (ii) Staircasing to 100% of the equity of the dwelling is allowed;
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Related to Shared Ownership Terms

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

  • Employee Matters Agreement means the Employee Matters Agreement to be entered into by and between Parent and SpinCo or the members of their respective Groups in connection with the Separation, the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time.

  • Stockholder Agreement means the Stockholder Agreement, dated as of August 29, 2003, among the Company and its stockholders, as amended and in effect from time to time.

  • unanimous shareholder agreement means either: (i) a lawful written agreement among all the shareholders of the Corporation, or among all the shareholders and one or more persons who are not shareholders; or (ii) a written declaration of the registered owner of all of the issued shares of the Corporation; in each case, that restricts, in whole or in part, the powers of the directors to manage, or supervise the management of the business and affairs of the Corporation, as from time to time amended.

  • Business Combination Agreement shall have the meaning given in the Recitals hereto.

  • standard term sheet has the meaning ascribed thereto in NI 41-101;

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Company LLC Agreement means the Limited Liability Company Agreement of the Company, dated as of October 23, 2006, as amended or restated from time to time.

  • 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.

  • Beneficial Ownership Rule means 31 C.F.R. § 1010.230.

  • Stock Issuance Agreement means the agreement entered into by the Corporation and the Participant at the time of issuance of shares of Common Stock under the Stock Issuance Program.

  • Previous Agreement has the meaning set forth in the Recitals.

  • Tax Matters Agreement means the Tax Matters Agreement to be entered into by and between Parent and SpinCo or any members of their respective Groups in connection with the Separation, the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time.

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

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Shareholders Agreement has the meaning set forth in the recitals.

  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.

  • Fair-share agreement means an agreement between the public employer and the recog-

  • Omnibus Agreement means that certain Omnibus Agreement, dated as of the Closing Date, among the General Partner, the Partnership, the Operating Company and certain other parties thereto, as such may be amended, supplemented or restated from time to time.

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • 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.

  • Shareholder Agreements has the meaning set forth in the recitals to this Agreement.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Sponsorship Agreement means a document that estab- lishes an advanced licensee as a sponsor for a basic licensee.

  • Rollover Agreement has the meaning set forth in the Recitals.

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.