Definition of shared ownership in English:

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shared ownership

Entry from British & World English dictionary

noun

[mass noun]
(In Britain) a system by which the occupier of a dwelling buys a proportion of the property and pays rent on the remainder, typically to a local authority or housing association.
Example sentences
  • Twenty-six of the homes will be available to rent and nine for shared ownership with the Housing Association.
  • The bill would extend the right to buy to housing association tenants and expand shared ownership under which social housing tenants part buy and part rent their homes, she explained.
  • The development will provide housing for sale, shared ownership or social rent.
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