Pronunciation: /ʃerd ˈoʊnərˌʃɪp/
noun a form of ownership where two or more individuals jointly own a property or asset
A1 Shared ownership means owning a property with someone else.
A2 My friend and I are considering shared ownership of a vacation home.
B1 Shared ownership can be a good option for first-time buyers who can't afford to buy a property on their own.
B2 The couple decided on shared ownership of the business to split the responsibilities and risks.
C1 Shared ownership agreements should be carefully reviewed by legal professionals to avoid any disputes in the future.
C2 The company's shared ownership structure allows employees to have a stake in the business and feel more invested in its success.
adjective describing the type of ownership where ownership is divided among multiple parties
A1 Shared ownership homes are affordable for many people.
A2 They offer shared ownership schemes for first-time buyers.
B1 The shared ownership agreement allows multiple parties to own a property.
B2 Shared ownership properties often have restrictions on selling or renting.
C1 Shared ownership can be a good way to get on the property ladder.
C2 The shared ownership model is becoming increasingly popular in urban areas.
formal Shared ownership is a housing arrangement where two or more parties own a property together.
informal My sister and I are considering shared ownership of a vacation home.
slang Let's go in on shared ownership of that beach house.
figurative In a way, our shared ownership of the project's success brought us closer together as a team.
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