Definition of shared ownership in English:
(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.
- 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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