70BWhat is an *eligible BTR development*?

70B What is an *eligible BTR development*? (1) An eligible build to rent development (***eligible*** ***BTR development***) is a BTR development that provides at least 50 self-contained dwellings that are— (a) fixed on the same parcel of land; and (b) owned by one owner or owned collectively; and (c) subject to section 70D(2), managed by a single management entity; and (d) suitable for occupancy on a date that is on or after 1 January 2021 and before 1 January 2032; and S. 70B(1)(e) amended by No. 24/2025 s. 23. (e) rented or genuinely offered for rent under a residential rental agreement in accordance with section 70F. (2) An eligible BTR development must satisfy the requirements in subsection (1) for a continuous period of at least 15 years from the occupancy date of the eligible BTR development. To be eligible for the BTR benefits, a BTR development that has dwellings suitable for occupancy on 1 December 2021 must satisfy the requirements specified in subsection (1) for a continuous period until 30 November 2036. (3) An eligible BTR development includes the construction or substantial renovation of common areas provided for the use of residents of the dwellings in the eligible BTR development if the common areas and dwellings together satisfy the requirements in paragraphs (a), (b) and (c) of subsection (1). S. 70C inserted by No. 52/2021 s. 59.