Shared Ownership Tenancy Agreement

Shared Ownership Tenancy Agreement Template for Ireland

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

4.6 / 5

4.8 / 5

Let's create your Shared Ownership Tenancy Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

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:

"I need a Shared Ownership Tenancy Agreement for a new three-bedroom house in Dublin where the tenant-purchaser will initially own 40% with plans to increase ownership share annually, starting from March 2025."

Document background

The Shared Ownership Tenancy Agreement is a specialized legal document used in Ireland when a property is jointly owned by a housing authority/provider and an individual tenant-purchaser. This arrangement allows individuals to purchase a portion of a property while paying rent on the remaining share, with options to increase their ownership over time through 'staircasing'. The document is particularly relevant in situations where full property purchase is not immediately feasible for the buyer. It includes crucial details about ownership percentages, rental obligations, maintenance responsibilities, and procedures for purchasing additional shares. The agreement must comply with Irish housing legislation and property law, making it a vital tool in Ireland's affordable housing strategy. This type of agreement is commonly used by local authorities and approved housing bodies as part of their affordable housing schemes.

Suggested Sections

1. Parties: Identification of all parties involved - the housing body/local authority, the tenant-purchaser, and any other relevant parties

2. Background: Context of the agreement, including the shared ownership scheme details and property information

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. The Property: Detailed description of the property and any included/excluded items

5. Ownership Structure: Details of the shared ownership arrangement, including percentage splits and equity shares

6. Purchase Price and Payments: Total property value, initial purchase share, and payment terms

7. Rent Provisions: Rental amount, payment schedule, and review mechanisms for the unpurchased share

8. Duration and Term: Length of the agreement and any renewal provisions

9. Occupancy Requirements: Conditions for occupation and use of the property

10. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

11. Insurance: Insurance requirements and responsibilities

12. Future Purchase Options: Terms for purchasing additional shares (staircasing) and process

13. Restrictions on Sale and Transfer: Limitations on selling or transferring interest in the property

14. Default and Termination: Circumstances leading to default and termination procedures

15. Governing Law: Confirmation of Irish law governing the agreement

Optional Sections

1. Management Company Provisions: Required for apartments or multi-unit developments, detailing service charges and management company obligations

2. Grant Conditions: Include if government grants or subsidies are involved in the purchase

3. Special Conditions: Any property-specific conditions or restrictions

4. Mortgage Requirements: Include if there are specific mortgage lender requirements or restrictions

5. Right to Rent: Include if subletting might be permitted under certain circumstances

6. Succession Rights: Include detailed succession provisions if required by the parties

Suggested Schedules

1. Schedule 1 - Property Description: Detailed property description including plans and boundaries

2. Schedule 2 - Fixtures and Fittings: Inventory of included fixtures, fittings, and contents

3. Schedule 3 - Purchase Price Calculation: Detailed breakdown of purchase price and share calculations

4. Schedule 4 - Rent Calculation: Method for calculating rent on the unpurchased share

5. Schedule 5 - Staircasing Provisions: Detailed procedures for purchasing additional shares

6. Schedule 6 - House Rules: If applicable, especially for apartments or managed developments

7. Appendix A - Required Certificates: Copies of necessary certificates (e.g., BER Certificate)

8. Appendix B - Management Company Documents: If applicable, management company rules and regulations

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Social Housing

Property Management

Legal Services

Financial Services

Public Sector

Housing Development

Relevant Teams

Legal

Housing Services

Property Management

Compliance

Real Estate Operations

Social Housing Administration

Tenant Relations

Policy and Procedures

Contract Administration

Relevant Roles

Housing Officer

Property Manager

Legal Counsel

Conveyancing Solicitor

Housing Director

Compliance Officer

Tenancy Relations Manager

Social Housing Coordinator

Real Estate Manager

Housing Policy Officer

Affordable Housing Specialist

Property Services Administrator

Find the exact document you need