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Moratorium Clause In S&P Affordable Housing Scheme
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TSmr_base
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May 17 2016, 06:51 PM, updated 10y ago
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New Member
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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.
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nookie188
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May 17 2016, 07:15 PM
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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
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shaniandras2787
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May 18 2016, 12:29 PM
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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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