Decision details

Low Cost Home Ownership (LCHO) Schemes - policy amendment to allow owners to rent out the property on a temporary basis

Decision Maker: Executive Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To give delegated authority to the Executive Member for Homes and Business to consider each application on its merits to allow LCHO owners to rent out their property at an ‘affordable’ rent until either their personal circumstances change to allow them to return to the property to take up residence or until market conditions improve and they are able to sell the property. If approved LCHO owners renting out their home will need to meet the conditions listed in section 8 of the report.

Decision:

Recommendation approved.

Report author: Jacqui Harty

Publication date: 26/11/2012

Date of decision: 22/11/2012

Decided at meeting: 22/11/2012 - Executive Cabinet

Effective from: 11/12/2012

Accompanying Documents: