Shared Ownership Unit definition

Shared Ownership Unit means a unit of Affordable Housing to be made available by an Affordable Housing Provider under a Shared Ownership Lease;

Shared Ownership Unit means (unless otherwise agreed in writing by the District Council) 30% of the Affordable Housing Dwellings provided by a Registered Provider where a proportion of the equity is sold on a long lease to the purchaser and the remainder of the equity is initially retained by the Registered Provider subject to rent being charged on the retained equity on terms that are set out in the HCA Model Lease or such other form of lease reasonably requested by the Registered Provider and which shall be first approved by the Council and in accordance with the following:

Shared Ownership Unit means an Affordable Housing Unit which is disposed of by

Examples of Shared Ownership Unit in a sentence

• The Applicant has applied the following sales revenues:Private Unit Type Number of UnitsAffordable – Shared Ownership Unit Type Number of Units Smallest NIA (sq ft) Largest NIA (sq ft) Average NIA (sq ft) The exact figure the Applicant has applied on the affordable housing is £1,025,820.

• The initial Disposal of each Shared Ownership Unit allocated for Shared Ownership Housing to a person who is proposed to become an Occupier shall (unless otherwise agreed in writing by the Council) include the following terms: tThe Disposal shall not involve the sale of an equity stake of less than 5% or more than 75%; and tThe rent payable under the Shared Ownership Lease shall not amount to more than 2.75% of the Market Value of the unsold equity of the relevant Shared Ownership Housing Unit.

• Subject to paragraph 4 of this Schedule, the Owner shall not Occupy or permit Occupation of each Shared Ownership Unit unless and until the AHP has entered into a Shared Ownership Lease in respect of that Shared Ownership Unit with a Qualifying Person with a Local Connection.

More Definitions of Shared Ownership Unit

Shared Ownership Unit means a unit of Affordable Housing to be made available by an Affordable Housing Provider under a Shared Ownership Lease and the term Shared Ownership shall be interpreted accordingly;

Shared Ownership Unit means a unit of Affordable Housing to be made available by an AHP under a Shared Ownership Lease Site: means the freehold property situate at Land South of Chiswell Green Lane, Chiswell Green, St Albans Hertfordshire registered at the Land Registry with Title Absolute under the Title Numbers HD421373, HD169192, HD343570 HD581748, HD127008, HD289804, HD326047 and

Shared Ownership Unit means Affordable Housing Units to be offered and occupied via the Registered Provider pursuant to a lease in a form approved by the Regulator and enabling the leaseholder to purchase an initial percentage of an Affordable Housing Unit and the ability to purchase additional shares in future, until the whole freehold interest in the property is acquired.

Shared Ownership Unit means a physical residential unit used for overnight accommodation as part of a Shared Ownership Interest.

Shared Ownership Unit means any Affordable Housing Unit occupied partly for rent and partly by way of owner occupation on shared ownership arrangements as defined in section 70(4) of the Housing and Regeneration Xxx 0000 where the lessee for the time being has the right to acquire 100% of the equity from the Affordable Housing Provider over time and "Shared Ownership" shall be construed accordingly;

Shared Ownership Unit means the two (2) units of Shared Ownership Housing (and 'Shared Ownership Units' shall be construed accordingly)

Shared Ownership Unit. Affordable Housing provided by the Registered Provider by way of Shared Ownership "Site" land at [ ]as the same is shown for identification purposes edged red on the Plan