Share this entry

Share this page

shared ownership

Line breaks: shared own¦er|ship

Definition of shared ownership in English:

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.

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day orthoepy
Pronunciation: ôrˈTHōəpē
noun
the correct or accepted pronunciation of words