Buying a Woodland Together – Joint Purchasing
by Angus, 21 December, 2007, 12 comments
Buying a woodland as partners or a group can make it possible for people to buy woodlands who couldn’t otherwise afford to do so. It also has the advantage of shared responsibility for ownership - sharing the work and decision-making on woodland management.
Choosing The Right People for Buying a Woodland Jointly
Choosing the right people with whom to buy is extremely important and it is a good idea to talk in detail through what each person wants from the woodland and what each person feels he or she can contribute. It is also very important to discuss what would happen if someone should want to leave the ownership group, or indeed what would happen if they were forced to give up ownership for financial or personal reasons. Usually you would want the others to have a right to buy the share of the departing owner, but you will need to decide who in the group has first option and at what price. If none of the other owners should want to buy them out, what restrictions if any are there to be on the person to whom they sell? You will also want a way of making shared decisions when not everyone agrees, especially over what will be permitted in the wood and when to sell. Read more...