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Housing Association Secure tenancy into Shared Ownership - Rent Help and Advice.

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613 views 1 replies latest reply: 06 July 2014
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Tenant

Hello,

We have a secure tenancy with a Housing Association and are looking into a 25% shared ownership for the house as our circumstances have recently changed and do not want to lose our home.

My question relates to rent. With a secure tenancy we pay a low monthly rent. Do any of you know whether this rent agreement is likely to change, and therefore increase to standard market value as a result of going into a shared ownership? Or is the secure rent value likely to remain in place for which we would pay 75% of the current rent value?

Of course this is best answered by discussing this directly with the Housing Association in question – but this is something we would like to understand before we approach them.

Thank you very much!

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Tenant

Thanks for posting in our forum. Whether a Shared Ownership Lease (SOL) is subject to rent control depends on when it was granted.

The provisions are as follows:

(a) A SOL granted prior to 11 December 1987 is subject to rent control.

(b) A SOL granted between 11 December 1987 and 14 January 1989 is not subject to rent control provided that it complies with Section 5A of the Rent Act 1977. If the provisions are not met the SOL will be subject to rent
control.

A SOL granted after 14 January 1989 is an assured tenancy and is not subject to rent control.

Hope this helps, all the best.

Disclaimer: This information is derived from personal experience and should not be relied upon as a definitive or accurate interpretation of the law.

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