Can you be evicted from shared ownership?

Shared ownership properties are always leasehold, meaning you only own a property for a fixed period of time. Because you own a share of the property, the housing association cannot evict you. They cannot evict you for non-payment of occupancy payments in the same way as a landlord can evict a tenant.

Is ground rent payable on shared ownership?

Ground rent is usually payable on any leasehold property to the freeholder or ‘superior leaseholder’ for the length of the lease. However, ground rent isn’t usually payable on Shared Ownership homes until you own 100%.

What are the negatives of shared ownership?

What are the disadvantages of Shared Ownership? Because Shared Ownership properties are always leasehold, ground rent may apply and you must pay this in full no matter what size share of the property you own. This is the same with service charges.

How does ground 8 work in a tenancy?

Ground 8 works quite simply. For the average weekly tenancy, it goes like this: 8 weeks rent arrears at the the time of the service of the Notice Seeking Possession and 8 weeks rent arrears at the date of the hearing of the claim and outright possession must be granted. Note those two dates.

Which is the most dangerous ground for shared ownership?

“Possibly the most dangerous one for shared ownership tenants is what is called ground 8. It is a mandatory ground which says that if you are in two months’ rent arrears at the time a notice is served, and then in months’ rent arrears arrears at the time of a court hearing on a possession claim, the court MUST make a possession order.

Who is eligible for shared ownership of home?

Shared Ownership isn’t just for key workers. And it’s not just for families. Shared Ownership is for anyone who doesn’t currently own a home. If you want to get on the property ladder, but can’t afford to buy outright on the open market, then Shared Ownership could be for you.

What do we do with a problem like ground 8?

What do we do with a problem like Ground 8? To those not acquainted with housing law, Ground 8 is one of the mandatory grounds for possession of an assured tenancy listed in Housing Act 1988 Schedule 2.