Member

Amendment 106 seeks to introduce a model shared ownership agreement. I do not believe this amendment is necessary simply because shared ownership model leases are already available. The model leases contain fundamental clauses that govern how shared ownership operates, including in respect of the provisions outlined by the noble Lord. Shared ownership providers offering grant-funded properties must use a lease containing these fundamental clauses, and it is expected that properties delivered via Section 106 agreements also do so. In addition, shared ownership providers are required to adhere to guidance regarding the provisions raised as a condition of receiving grant funding. For those reasons, I ask the noble Lord to withdraw the amendment.