Deferred Resale Agreement
We are vigilant about the possibilities described by the Honourable Gentleman. We do not want those circumstances to be covered by the provisions. The goal is to discourage tenants from buying exclusively for resale to businesses or others, and to promote a longer-term commitment to their communities. When children help their parents acquire real estate, it is part of a longer-term commitment to the community. We fully understand this objective. b. The agreement under which the parties confer on the non-payment of the deferred price the character of an expressive condition. However, we cannot ignore the fact that when granting a mortgage, the banks, if they do not hesitate, at least act with caution and, if they do not know the buyer in detail, would not stretch the arms unconditionally, as they did before. It is precisely for this reason that today there are a number of population groups that have closed the doors to obtain a mortgage, if the truth is that, although they are not prosperous, they have sufficient economic capacity to cope with the purchase of a home at a deferred price. If you know that a deferred sale contract will be concluded, we would like to hear from you so that we can investigate possible fraud. which triggers the repayment of the rebate – first, if the agreement is concluded with a view to or in the context of the purchase under the right-of-sale system, secondly, the agreement is concluded before the expiry of the period for repayment of discounts and, thirdly, the transfer must take place after the expiry of that period. Article 151 also authorizes the Secretary of State to provide, by order, that agreements of a nature other than those referred to in the clause are considered to be relevant assignments, although agreements of a nature defined in the clause are not considered to be assignments. Financial companies may offer to buy the property from a tenant who has exercised the right of sale, which allows the tenant to stay in the property, either to pay rent to the finance company (usually an amount higher than the rent he paid as a social tenant) or to allow the tenant to live without rent, provided that the property is handed over to the company after the death of the tenant.
These plans are called deferred resale contracts and can be offered to tenants in financial difficulty or as an attempt to avoid repayment of the rebate (see below). Systems that allow the tenant to live without rent until his death are usually offered to older tenants for a lump sum or monthly income. It is clear that there are companies – certainly in central London – that enter into agreements with tenants that allow them to defer payment until they are not outside the repayment period of the purchase. The company then rents these properties at a commercial price to workers in London who are desperate for housing. However, there are cases when it is not possible to register this condition at the same time as the act of purchase, not because of legal impossibility, but in fact. . . .