right to buy
Tenant ownership option
Right to buy is a policy, originating in the UK under Margaret Thatcher, that allows tenants of public housing to purchase their homes at a discount.
The discount typically increases with length of tenancy.
They exercised their right to buy after living in the council flat for fifteen years.
The policy has been credited with expanding homeownership and criticized for depleting social housing stock.
- councilAdvisory deliberative group
- council houseState-owned rental dwelling
- tenantOne who rents property
- housingDwellings or protective covering
- housing associationNonprofit residential property provider
purchase · mortgage · discount · ownership · home ownership · scheme · Thatcher · Margaret Thatcher · flat · estate · privatisation · homeowner · property · entitlement · lease · landlord · acquisition · social
right to buycollective ownership
Joint holding by many
social housing · council housing · public housing · municipal housing · compulsory purchase
right to buyeminent domain
Forced government land acquisition
expropriation · forced sale · requisition · nationalization · eviction
right, buy, rights, righted, righting, rightful, rightfully, rightness, righteous