Starter home definition

Starter home means a dwelling unit that is designed to meet the basic living capacity requirements of homebuyers with families of limited size by eliminating needless design and space amenities, but which nonetheless enables future expansion, modification, and improvement by the owner to accommodate increased occupancy over time as may be necessary.
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Starter home means a new dwelling to be made available for purchase either as a freehold or leasehold interest to a first time buyer under the age of 40 for a discount of at least 20% below the open market value of the property and to be sold for less than the Price Cap and which (unless such terms shall prevent or inhibit the obtaining of mortgage finance on usual commercial terms) are sold on terms which prevent the use, occupation and future sale and disposal of such dwelling only in accordance with the Starter Home Regulations and "Starter Homes" shall be construed accordingly
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Starter home means a dwelling unit that is designed to meet
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Examples of Starter home in a sentence

  • Starter home households, assumed to fall within the $40,000 - $49,999 income bracket, have an average annual discretionary spending of $24,530.3 In the table below, Column C shows that we assume 30% of the spending by households will occur in Laconia and Column D shows we assume 90% occurs in the State of New Hampshire (including Laconia).

  • There is a mortgage on our land title, and if I can’t find money to pay back at the fixed time, they will take my capital plus the interest, but it is likely that I will have the money to repay.

  • This Agreement affects the resolution and release of claims which are denied and contested, and this Agreement shall not be construed as an admission by a party of any liability of any kind to the other party.

  • Wong SK, Deng KK & Cheung KS (forthcoming) Starter home premium and housing affordability,Journal of Real Estate Finance and Economics, accepted in Sept 2021.

  • Sunday 28 February: Guardian Online: Starter home buyers could receive £141,000 windfall from taxpayersThe Government’s starter homes initiative could deliver a taxpayer-backed windfall of £141,000 each to 200,000 lucky first-time buyers, but two million more aspiring homeowners will be stuck renting, campaigners from Generation Rent say.

  • Starter home prices are capped at £250,000 outside London and £450,000 in London, they will also generally have restrictions applied to their ability to be rented or resold.

  • Real Estate OFFERED AT Noon: Lovely Starter home on 11+/- acres near New Hope.


More Definitions of Starter home

Starter home means a new dwelling to be made available for purchase either as a freehold or leasehold interest to a first time buyer under the age of 40 for a discount of at least 20% below the open market value of the property and to be sold for less than the Price Cap and which (unless such terms shall prevent or inhibit the obtaining of mortgage finance on usual commercial terms) are sold on terms which prevent the use, occupation and future sale and disposal of such dwelling only in accordance with the Starter Home Regulations and “Starter Homes” shall be construed accordingly "Shared Ownership Housing" means an Intermediate Housing where the lessee enters into a lease and purchases a percentage of the equity up to 100% of the equity (subject to the initial equity share of a shared ownership lease being restricted to between 25% and 75% equity share), the lessee pays a rent to the Registered Provider in respect of the remaining equity share in the property, the documentation for which will follow the HCA model lease with the rent payable calculated at no more than 2.75% of the value of the unsold equity in the Dwelling. The lessee has the option to Staircase so as to increase their equity share in the Affordable Housing Dwelling up to 100% and acquire the freehold or long leasehold interest (as appropriate.) "Starter Home Purchaser" means a purchaser of a Starter Home who meets the criteria for purchasing a Starter Home as set out in the Starter Home Regulations or national planning guidance issued from time to time in relation to Starter Homes "Starter Home Regulations" means the Regulations (if any) which are made by the Secretary of State pursuant to the Housing and Planning Act 2016 in relation to the provision of Starter Homes
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Related to Starter home

  • Foster home means the place of residence of any natural person in which any child, other than a

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;

  • Mobile home means any dwelling that is designed to be made mobile, and constructed or manufactured to provide a permanent residence for one or more persons, but does not include a travel trailer or tent trailer;

  • Campsite means any place where any bedding, sleeping bag, or other material used for bedding purposes, or any stove or fire is placed, established or maintained for the purpose of maintaining a temporary place to live, whether or not such place incorporates the use of any tent, lean-to, shack, or any other structure, or any vehicle or part thereof.

  • Mobile home park means a parcel of land, or two or more

  • Motor home means every private motor vehicle with a normal seating capacity of not more than 10

  • Clean coal SNG facility means a facility that uses a

  • SOFR means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.