Notice of the making of this Statutory Instrument was published in

"Iris Oifigiúil" of 4th June, 2010.

I, MICHAEL FINNERAN, Minister of State at the Department of the Environment, Heritage and Local Government, in exercise of the powers conferred on me by sections 3, 32(6) and 49 of the section 262 of the section 2 of the section 44 of the section 96 of the section 117 of the section 45 of the Housing (Miscellaneous Provisions) Act 2009 (hereinafter referred to as "the Act of 2009"), HEREBY VESTS

on the ....... day of ....................................20.... ³

the dwelling described in paragraph 6 of this Order (hereinafter referred to as "the dwelling") in

⁴

(hereinafter referred to as "the purchaser")

of ⁵

in fee simple in accordance with the conditions herein specified.

2. Calculation of purchase money

The amount of the purchase money for the dwelling is calculated as the monetary value of .% ⁶ of the purchase price of the dwelling of

⁷

3. Exclusion of warranty

Save as provided for by any enactment or regulations made thereunder, the sale of this dwelling does not imply any warranty on the part of the vendor in relation to the state of repair or condition of the dwelling or its fitness for human habitation.

4. Conditions

The following terms and conditions shall apply during the charged period:

(a) where the purchaser sells the dwelling to a person other than a housing authority or approved body during the charged period, the purchaser(s) shall pay to the authority or approved body, as appropriate, an amount calculated in accordance with section 48(5) or (6) of the Act of 2009;

(b) where the housing authority or approved body suspends the reduction of the charged share under section 47(1) of the Act of 2009, the purchaser shall, following the expiration of the charged period, pay to the authority or approved body, as appropriate, an amount calculated in accordance with section 47(3)(b) of that Act;

(c) the dwelling shall, unless the vendor gives its prior written consent, be occupied as the normal place of residence of the purchaser or a member of the purchaser's household;

(d) the dwelling or any part thereof shall not, without the prior written consent of the vendor, be sold, assigned, let or sublet or otherwise disposed of or mortgaged, charged or alienated, otherwise than by devise or operation of law;

(e) the purchaser shall not, without the prior written consent of the vendor, make material improvements to the dwelling;

(f) the purchaser shall keep the dwelling and all parts thereof and all fixtures and fittings therein, and all additions thereto and the gardens, driveways and pathways (if any) in good order, repair and condition and maintain and uphold and, whenever necessary or for whatever reason, reconstruct and replace the same and keep the dwelling and all parts thereof in first class decorative condition at all times; and

(g) the purchaser shall insure and keep insured the dwelling against loss or damage to its full reinstatement value and pay all premiums and sums necessary for that purpose and on demand produce to the vendor as it shall direct the policy or policies of such insurance and the receipt for each such payment.

5. Charge

5.1The dwelling is charged in favour of the vendor with the charge referred to in section 46(2) of the Act of 2009, which charge shall be reduced in accordance with sections 46 and 47 of the said Act.

5.2The charged period is the period of ⁸ years commencing on the date of the combined transfer and charging order.

5.3The vendor consents to a mortgage or charge created by a holder of a licence under the Central Bank Act 1971 , a building society or other financial institution, ranking in priority to the charge hereby created to the extent to which the former mortgage or charge secures an advance of moneys by such holder, society or institution for the purposes of purchasing the dwelling, or refinancing an existing advance of moneys purpose from such holder, society or institution or obtaining a further advance of moneys for any purpose from such holder, society or institution.

6. Description of dwelling

⁹

7. Sealing and signing

The official seal of the housing authority was affixed hereto in the presence of

¹⁰

Signed.........................................

Date............................................

SCHEDULE 2

Regulation 16

FORM OF CHARGING ORDER STATEMENTS

Part 1: Section 46(5) statements

A.Statement where less then 5 years of charged period have passed

Dwelling Details

Purchaser:

Address:

In accordance with section 46(5) of the Housing (Miscellaneous Provisions) Act 2009 (No. 22 of 2009), no incremental releases have been applied to date to the charge on the dwelling above in favour of the housing authority/approved body ¹¹ , because less than 5 years have passed since the combined transfer and charging order was made in respect of the dwelling.

A combined transfer and charging order dated ..................................... ¹² created a charge in favour of the housing authority/approved body 11 of ..........% ¹³ of the total dwelling equity, with a charged period of .......... ¹⁴ years. An incremental release (i.e. reduction in the charge) amounting to 2% of the equity in the dwelling per annum is applied on each anniversary date of the order over the charged period, subject to compliance by the purchaser with the conditions of section 4 of the combined order. However, incremental releases for the first 5 years are cumulative and are applied only on the expiration of that period, provided that the purchaser or a member of his or her household has, except with the prior consent of the housing authority/approved body11 , occupied the dwelling as his or her normal place of residence for that period.

Signed.........................................

Housing authority/Approved body11.

Date............................................

B.Statement where 5 years or more of charged period have passed but charged period has not expired

Dwelling Details

Purchaser:

Address:

In accordance with the provisions of sections 46 and 47 of the Housing (Miscellaneous Provisions) Act 2009 (No. 22 of 2009), incremental releases amounting to ..............%13 of the total dwelling equity have been applied to the charge on the dwelling above in favour of the housing authority/approved body11.

A combined transfer and charging order dated ...............................12 created a charge on the dwelling in favour of the housing authority/approved body11 of ........................%13 of the total dwelling equity, with a charged period of ............14 years. An incremental release (i.e. reduction in the charge) amounting to 2% of the equity in the dwelling per annum is applied to the charge on each anniversary date of the order over the charged period, subject to compliance by the purchaser with the conditions of section 4 of the combined transfer and charging order.

The record of application of incremental releases on the charge is set out below.

Record of incremental releases

Taking account of the incremental releases applied to date, the outstanding charge in the dwelling is now ............% 13 of the equity in the dwelling.

Signed.....................................................

Housing authority/Approved body 11 ...............................................

Date............................................

C. Statement where charged period has expired and charge has been released in full

Dwelling Details

Purchaser:

Address:

In accordance with the provisions of sections 46 and 47 of the Housing (Miscellaneous Provisions) Act 2009 (No. 22 of 2009) ("the 2009 Act"), incremental releases have been applied to the charge on the dwelling above in favour of the housing authority/approved body11 for each year of the charged period, which has now expired. The charge has, therefore, been released in full and there is no outstanding charge on the dwelling in favour of the housing authority/approved body11.

A combined transfer and charging order dated ..................... 12 created a charge on the dwelling in favour of the housing authority/approved body 11 of ........% 13 of the total dwelling equity, with a charged period of ..... 14 years. An incremental release (i.e. reduction in the charge) amounting to 2% of the equity in the dwelling per annum was applied to the charge on each anniversary date of the order over the charged period, which expired on ................................. ¹⁸ .

Section 46(14) of the 2009 Act provides that the purchaser may request the housing authority/approved body 11 to execute, at its expense, a deed of discharge in respect of the charging order. Please contact the housing authority/approved body 11 if you wish to make such a request.

Signed.........................................

Housing authority/Approved body 11 .

Date............................................

Part 2: Section 47(3)(b) statement

Dwelling Details

Purchaser:

Address:

Under the terms of sections 46 and 47 of the Housing (Miscellaneous Provisions) Act 2009 (No. 22 of 2009) ("the 2009 Act"), there was an outstanding charge of €....... ¹⁹ on the dwelling above in favour of the housing authority/approved body 11 on ............................. 18 , the last day of the charged period. This amount is calculated by applying the outstanding charge on the dwelling of .......% 13 of the total dwelling equity to its market value, which has been determined by the housing authority/approved body 11 as €................. 19 .

A combined transfer and charging order dated ........................... 12 created a charge on the dwelling in favour of the housing authority/approved body 11 of ........% 13 of the total dwelling equity, with a charged period of ........ 14 years, which expired on ......................... 18 . An incremental release (i.e. reduction in the charge) amounting to 2% of the equity in the dwelling per annum was applied to the charge on each anniversary date of the order over the charged period, subject to compliance by the purchaser with the conditions of section 4 of the combined transfer and charging order.

The record of application of incremental releases on the charge is set out below.

Record of incremental releases

Taking account of the incremental releases applied to the charge during the charged period, the outstanding charge is now ........% 13 of the equity in the dwelling.

The housing authority/approved body 11 has determined the market value of the dwelling as €............ 19 . Applying the outstanding charge to this amount, the purchaser is now due to pay the outstanding charge of €............. 19 to the local authority/approved body 11 .

Section 47(5) of the 2009 Act defines "market value", for the purposes of calculating the outstanding charge on a dwelling on expiration of the charged period, to mean the price for which a dwelling might reasonably be expected to be sold on the date of expiration of the charged period, in its existing state of repair and condition and not subject to the conditions specified in section 45(2) of the Act or a charging order.

Section 47(6) of the 2009 Act provides that, if the purchaser does not agree with the market value of the dwelling determined by the housing authority/approved body 11 , the market value shall be determined by an independent valuer nominated by the purchaser from a panel of suitably qualified persons, established by the housing authority, who are of a class or description prescribed in regulations by the Minister for the Environment, Heritage and Local Government. Section 47(6) also excludes the housing authority/approved body 11 from liability for any expenses incurred by the purchaser in obtaining an independent valuation of the dwelling.

If the purchaser does not agree with the market value of the dwelling determined by the housing authority/approved body 11 , he or she should immediately contact the housing authority/approved body 11 .

Section 47(4) of the 2009 Act provides that the purchaser is due to pay the outstanding charge to the housing authority/approved body 11 within 2 months of receipt of this statement. If payment is not made within this period, interest is payable on the amount at an rate of 6% per annum and the local authority/approved body 11 may, without prejudice to any other power, recover the total amount from the purchaser as a simple contract debt in any court of competent jurisdiction.

On payment of the outstanding charge to the housing authority/approved body 11 , the purchaser may, under section 46(14) of the 2009 Act, request the housing authority/approved body 11 to execute, at its expense, a deed of discharge in respect of the charging order.

Signed.........................................

Housing authority/Approved body11.

Date............................................

GIVEN under my hand,

2 June 2010.

MICHAEL FINNERAN,

Minister of State at the Department of the Environment, Heritage and Local Government.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations set out terms and conditions of the incremental purchase scheme under Part 3 of the Housing (Miscellaneous Provisions) Act 2009 , notably in relation to:

-�classes of dwellings to which the scheme applies,

-�the minimum income required for eligibility under the scheme,

-�the information that households must supply when applying to purchase,

-�the form of the combined transfer and charging order to be used by housing authorities and approved housing bodies to effect dwelling sales,

-�the determination of the purchase price and purchase money for dwellings,

-�the minimum period for which a charging order shall apply to a dwelling sold under the scheme.

The Regulations replace the Housing (Incremental Purchase) Regulations ( S.I. No. 562 of 2009 ).

1 Insert name of housing authority or approved body, as appropriate.

2 Insert amount of purchase money i.e. "€............., ([amount in words] euro)".

3 Insert appropriate date.

4 Insert name of purchaser.

5 Insert current address of purchaser.

6 Insert appropriate percentage, i.e. 60%, 50% or 40%.

7 Insert amount of purchase price i.e. "€............., ([amount in words] euro)".

8 Insert appropriate number, i.e. 20, 25 or 30.

9 Insert suitable description, including the address of the dwelling. The description should indicate whether the title is registered or unregistered and, if registered, the folio number of the dwelling. Where the dwelling description is by reference to a map, the map should be clearly identified and attached to the order.

10 Insert full name and office address of witness.

11 Delete as appropriate.

12 Insert appropriate date.

13 Insert appropriate percentage.

14 Insert appropriate number of years.

15 Insert 2%, except where incremental release was suspended, in which case insert 0%.

16 (a) Where "0%" is inserted in column (2) for the first to the fifth anniversary dates, the following text should be inserted in column (3) in respect of those anniversary dates: "Incremental releases were not applied for the first 5 years because, in the course of that period, the purchaser or a member of his or her household, without the prior consent of the housing authority/approved body, did not occupy the dwelling as his or her normal place of residence."(b) Where "0%" is inserted in column (2) for the sixth or any subsequent anniversary date, the following text should be inserted in column (3) in respect of the relevant anniversary date(s): "Incremental release was not applied because the purchaser failed to comply with a condition of section 4 of the combined transfer and charging order during the period concerned."

17 Insert and complete table for third and subsequent anniversary dates up to statement date.

18 Insert date of last day of charged period.

19 Insert appropriate amount.