sec.58PPercentage of discounted rent dwellings

sec.58P Percentage of discounted rent dwellings

During the previous financial year, at least 10% of the dwellings in the build to rent development must have been discounted rent dwellings. See also section 58ZC for how this requirement applies if the first or only building comprising a build to rent development becomes suitable for occupation before 1 January in a financial year. A dwelling in the build to rent development is a discounted rent dwelling if it is occupied by an eligible tenant under a discounted rent housing agreement. Subsection (4) applies if, on 1 or more days during the previous financial year (whether consecutive or otherwise), the percentage of dwellings in the build to rent development that were discounted rent dwellings was less than 10%. Subsection (1) is taken to be satisfied in relation to the build to rent development if the total number of days on which the percentage was less than 10% was not more than 30 days. s 58P ins 2023 No. 18 s 12 (sec.58P-ssec.1) During the previous financial year, at least 10% of the dwellings in the build to rent development must have been discounted rent dwellings. See also section 58ZC for how this requirement applies if the first or only building comprising a build to rent development becomes suitable for occupation before 1 January in a financial year. (sec.58P-ssec.2) A dwelling in the build to rent development is a discounted rent dwelling if it is occupied by an eligible tenant under a discounted rent housing agreement. (sec.58P-ssec.3) Subsection (4) applies if, on 1 or more days during the previous financial year (whether consecutive or otherwise), the percentage of dwellings in the build to rent development that were discounted rent dwellings was less than 10%. (sec.58P-ssec.4) Subsection (1) is taken to be satisfied in relation to the build to rent development if the total number of days on which the percentage was less than 10% was not more than 30 days.