Affordable Housing Act 2021
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PART 2 Affordable Dwelling Purchase Arrangements | ||
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Interpretation (Part 2) | ||
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4. In this Part— | ||
“abandoned”, in relation to an affordable dwelling, means that the affordable dwelling is no longer the normal residence of the homeowner or any member of the homeowner’s household; | ||
“affordable dwelling” has the meaning given to it by section 5 ; | ||
“affordable dwelling contribution” has the meaning given to it by section 12 (2); | ||
“affordable dwelling equity” has the meaning given to it by section 12 (5); | ||
“affordable dwelling purchase arrangement” has the meaning given to it by section 12 (6); | ||
“applicant” means a person who applies to purchase an affordable dwelling on his or her own or 2 or more persons who apply to purchase an affordable dwelling together; | ||
“Conveyancing Act” means the Land and Conveyancing Law Reform Act 2009 ; | ||
“direct sales agreement” has the meaning given to it by section 7 ; | ||
“dwelling” includes any building or part of a building occupied or intended for occupation as a normal place of residence and includes any out-office, yard, garden or other land and any easements, rights and privileges appurtenant thereto or usually enjoyed therewith and includes a house, flat, apartment or maisonette; | ||
“eligible applicant” means an applicant assessed by a housing authority under section 10 as being eligible for an affordable dwelling purchase arrangement; | ||
“homeowner”, in relation to an affordable dwelling, means an eligible applicant who has purchased an affordable dwelling under an affordable dwelling purchase arrangement and includes the successors and assigns of the homeowner; | ||
“household” means a person who lives alone or 2 or more persons who, in the opinion of the housing authority concerned, have a reasonable requirement to live together; | ||
“Housing Acts” means the Housing Acts 1966 to 2019; | ||
“long stop date” has the meaning given to it by section 12 (7)(f); | ||
“market value” has the meaning given to it by section 14 ; | ||
“open market dwelling” has the meaning given to it by section 8 ; | ||
“public private partnership arrangement” has the same meaning as in section 3 of the State Authorities (Public Private Partnership Arrangements) Act 2002 ; | ||
“realisation event” has the meaning given to it by section 18 ; | ||
“realisation notice” has the meaning given to it by section 18 ; | ||
“redemption payment” has the meaning given to it by section 16 ; | ||
“scheme of priority” has the meaning given to it by section 11 ; | ||
“valuation mechanism” has the meaning given to it by section 14 . |