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 Moratorium Clause In S&P Affordable Housing Scheme

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TSmr_base
post May 17 2016, 06:51 PM, updated 10y ago

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Hi everyone,

I get offer house under affordable housing scheme. In the S&P there is moratorium clause stated :-

"the purchaser shall not assign, lease, transfer or otherwise deal with the said parcel within the moratorium period except with prior approval / confirmation in writing by the government ....".

So my question, whether definition of "lease" is including rent?

Thanks.
nookie188
post May 17 2016, 07:15 PM

Look at all my stars!!
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Joined: Jan 2012
QUOTE(mr_base @ May 17 2016, 06:51 PM)
Hi everyone,

I get offer house under affordable housing scheme. In the S&P there is moratorium clause stated :-

"the purchaser shall not assign, lease, transfer or otherwise deal with the said parcel within the moratorium period except with prior approval / confirmation in writing by the government ....".

So my question, whether definition of "lease" is including rent?

Thanks.
*
yes definitely
shaniandras2787
post May 18 2016, 12:29 PM

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Senior Member
2,309 posts

Joined: Apr 2011
QUOTE(mr_base @ May 17 2016, 06:51 PM)
Hi everyone,

I get offer house under affordable housing scheme. In the S&P there is moratorium clause stated :-

"the purchaser shall not assign, lease, transfer or otherwise deal with the said parcel within the moratorium period except with prior approval / confirmation in writing by the government ....".

So my question, whether definition of "lease" is including rent?

Thanks.
*
To simplify things for you, both "lease" and "let/rent" actually refers to basically the same thing only that the former gives the leasee the rights of an owner and "lease" is a form of registrable interest.

 

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