Right-of-occupancy agreements give residents certain rights similar to ownership over their homes. Residents pay a right-of-occupancy fee amounting to 15% of the purchase price of the accommodation, as well as a monthly occupancy fee.
Right-of-occupancy schemes do not ultimately entitle residents to purchase their homes, although the owners of the housing may not unilaterally terminate the right-of-occupancy agreement.
Eligibility for right-of-occupancy housing produced through State-subsidised schemes is based on factors such as the applicant’s need and financial circumstances. Such conditions do not apply in market-financed right-of-occupancy housing schemes.
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Queue number application for right-of-occupancy apartments