Member

It is simply impossible to know with any certainty that a sale will progress to completion. Shared owners would ideally seek to regain possession only when a sale is certain to take place; otherwise, they will lose the rent. A sale is certain only when contracts are exchanged, but no buyer will then wait four months before completion, not least because their mortgage offer would expire. Issuing a notice ahead of exchange will always carry a significant risk for the shared owner, so Clause 4 needs an exemption for shared owners.