In a shared ownership housing arrangement, each resident purchases a portion of the home (typically 25–75%) and pays rent on the remaining portion. Due to this, home ownership is less expensive, but buyers can gradually increase their ownership. Most homes are leaseholds, and while you oversee maintenance, the landlord or housing association might be able to help with some repairs. It enables those with limited financial resources to enter the real estate market while sharing the costs with another party.