Shared Ownership Contract Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Shared Ownership Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Shared Ownership Contract

"I need a Shared Ownership Contract for a new-build apartment in Manchester where the purchaser is buying a 25% share and requires Help to Buy scheme integration, with completion planned for March 2025."

Document background
The Shared Ownership Contract is a fundamental document in England and Wales' affordable housing sector, designed to help individuals step onto the property ladder who might otherwise be unable to purchase a home outright. This contract type establishes the legal framework for shared ownership arrangements, detailing initial share purchases, rent calculations, staircasing options, and ongoing responsibilities. It's particularly relevant in urban areas where property prices may be prohibitive for first-time buyers, and must comply with specific Housing Act requirements and Homes England guidelines.
Suggested Sections

1. Parties: Details of the shared owner and housing provider

2. Background: Context of the shared ownership arrangement and reference to key legislation

3. Definitions: Key terms used throughout the agreement including statutory definitions

4. Property Description: Detailed description of the property including boundaries and shared areas

5. Share Percentage: Initial share percentage being purchased and payment terms

6. Staircasing Provisions: Terms and conditions for increasing ownership share including minimum and maximum percentages

7. Rent Provisions: Terms for rent calculation and payment on the unpurchased share

8. Service Charges: Details of service charges, calculation method and payment terms

9. Repair and Maintenance: Responsibilities for property maintenance and repairs

Optional Sections

1. Mortgagee Protection: Required when property is mortgaged - includes provisions protecting mortgage lender's interests

2. Help to Buy Provisions: Specific terms related to Help to Buy scheme compliance and requirements

3. Subletting Provisions: Terms governing subletting permissions and restrictions

Suggested Schedules

1. Schedule 1 - Property Plan: Detailed plan showing property boundaries and common areas

2. Schedule 2 - Service Charge Schedule: Breakdown of service charge components and calculations

3. Schedule 3 - Staircasing Schedule: Detailed procedure for staircasing applications and valuations

4. Schedule 4 - Rent Review Schedule: Method and timing of rent reviews including calculation formulae

5. Schedule 5 - House Rules: Regulations for shared buildings or estates including use of common areas

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Industries

Housing Act 1985: Primary legislation governing shared ownership, particularly Part V which deals with the right to buy and shared ownership schemes

Housing Act 1996: Key legislation providing framework for social housing and shared ownership provisions

Housing and Regeneration Act 2008: Legislation establishing Homes England and setting out regulatory framework for social housing providers

Leasehold Reform Act 1967: Fundamental legislation governing leasehold properties and their reform, with specific implications for shared ownership

Law of Property Act 1925: Foundational property law legislation that governs legal estates and interests in land

Land Registration Act 2002: Legislation governing the registration of land and property rights in England and Wales

Housing (Shared Ownership Leases) Regulations 2009: Specific regulations governing the exclusion of shared ownership leases from certain provisions of the Leasehold Reform Act 1967

Shared Ownership and Affordable Homes Programme: Government program regulations setting out requirements for shared ownership schemes and funding

Capital Funding Guide: Detailed requirements and guidance for organizations delivering affordable housing programs

Housing (Shared Ownership) Model Lease: Standard template lease prescribed for use in shared ownership arrangements in England

Homes England Guidelines: Regulatory requirements and guidance from the government's housing accelerator body

Mortgage Lender Requirements: Specific requirements from financial institutions for shared ownership mortgages

Consumer Protection Legislation: Laws protecting consumer rights in property transactions and financial services

RICS Guidance: Professional standards and guidance from the Royal Institution of Chartered Surveyors

Help to Buy Requirements: Specific requirements if the shared ownership property is part of the Help to Buy scheme

Data Protection Act 2018: Legislation governing the handling of personal data in accordance with GDPR principles

FCA Requirements: Financial Conduct Authority regulations regarding mortgage lending and financial services

HM Land Registry Requirements: Specific requirements for registering shared ownership properties and associated rights

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Software Ownership Agreement

find out more

Shared Ownership Lease Agreement

find out more

Shared Ownership Contract

find out more

Partnership Payment Agreement

find out more

Partnership Contract Agreement

find out more

Ownership Percentage Agreement

find out more

Ownership Agreement LLC

find out more

Organisation Partnership Agreement

find out more

New Partnership Agreement

find out more

Intellectual Property Ownership Agreement

find out more

Film Ownership Agreement

find out more

Dog Ownership Agreement

find out more

Creative Partnership Agreement

find out more

Company Ownership Contract

find out more

Company Ownership Agreement

find out more

Car Ownership Contract

find out more

Car Ownership Agreement

find out more

Boat Joint Ownership Agreement Contract

find out more

Business Ownership Agreement

find out more

Brand Ownership Agreement

find out more

Aircraft Joint Ownership Agreement

find out more

Artwork Ownership Agreement

find out more

Dog Ownership Contract

A legally binding agreement under English and Welsh law governing the transfer of dog ownership and associated responsibilities.

find out more

Equal Ownership Contract

A legally binding agreement under English and Welsh law establishing equal ownership rights and responsibilities between multiple parties in a business venture.

find out more

Corporation Ownership Agreement

A legal agreement governing corporate ownership and shareholder relationships under English and Welsh law.

find out more

Corporation Partnership Agreement

A legal agreement governing partnerships between corporate entities under English and Welsh law, establishing rights, obligations, and operational framework.

find out more

Generic Partnership Agreement

A legal document under English and Welsh law establishing the terms and conditions of a business partnership between two or more parties.

find out more

Joint Sale Agreement Property

A legal agreement for property sale by multiple owners under English and Welsh law.

find out more

Startup Business Partnership Agreement

A legal agreement under English and Welsh law that establishes the terms and conditions for partners in a startup business venture.

find out more

Partnership Share Agreement

A legally binding agreement under English and Welsh law that establishes partnership ownership terms, rights, and obligations.

find out more

Mutual Partnership Agreement

A legal agreement under English law establishing terms and conditions for business partners to operate jointly.

find out more

Fractional Ownership Agreement

An English law agreement governing shared ownership of property or assets, detailing rights, responsibilities, and management arrangements between co-owners.

find out more

Operating Partnership Agreement

A legal agreement governing partnership operations and relationships between partners under English and Welsh law.

find out more

Co Ownership Business Agreement

A legally binding agreement under English law that establishes terms and conditions for shared business ownership between multiple parties.

find out more

Beneficial Owner Agreement

A legal document under English and Welsh law that establishes and documents beneficial ownership arrangements and associated rights and obligations.

find out more

Sales Partnership Agreement

A legally binding agreement under English and Welsh law that establishes terms between a company and its sales partners.

find out more

Property Sharing Agreement

A legal agreement under English and Welsh law establishing rights and responsibilities between property co-owners.

find out more

Partnership Investment Agreement

A legal agreement governing partnership investments under English and Welsh law, establishing terms for capital contribution, management, and profit sharing.

find out more

Joint Purchase Agreement

A legal agreement under English and Welsh law establishing terms for joint purchase and ownership of assets between multiple parties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.