Shared Ownership Occupancy Agreements
Shared Ownership Occupancy Agreements expire 20 years from the date when the sharing owner took entry to the property unless terminated earlier.
Outlined in our free guide are the answers to the most frequently asked questions:
- How should housing associations approach sharing owners given that the sharing owners may not be aware of the terms of the Shared Ownership Occupancy Agreement having signed the agreement 20 years ago?
- In terms of signing the new agreement, who pays for what?
- How should housing associations seek to minimise their costs?
- If a housing association fails to get a new Occupancy Agreement in place timeously, does tacit relocation apply?
- What are the legal implications for associations of failing to put in place a new Occupancy Agreement in time?
- When a sharing owner tranches/staircases up their level of ownership, does this affect the effective date of the original Occupancy Agreement?
Written by our housing legal team, with the extensive day-to-day experience of shared ownership queries, our guide provides answers to the most frequently asked questions.
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If you would like further information or advice on Shared Ownership Occupancy Agreements, please don’t hesitate to get in touch with one of our team.