possession is made out and other statutory tests (including in certain cases, the reasonableness of possession action) are met. Shared ownership A shared owner is someone that part owns their property (normally with a social landlord), but unlike someone that has bought with an equity loan, does not own it fully. The shared owner has a lease and pays rent as a percentage (normally up to 2.75%) on the unowned equity. They are normally responsible for all repairs and service charges. Shared owners can staircase up by buying additional shares to full ownership of the property. Permission is generally needed to sub let.
possession is made out and other statutory tests (including in certain cases, the reasonableness of possession action) are met. Shared ownership A shared owner is someone that part owns their property (normally with a social landlord), but unlike someone that has bought with an equity loan, does not own it fully. The shared owner has a lease and pays rent as a percentage (normally up to 2.75%) on the unowned equity. They are normally responsible for all repairs and service charges. Shared owners can staircase up by buying additional shares to full ownership of the property. Permission is generally needed to sub let.