Small Woodland Owners' Group

woodland ownership

Paperwork, grants, legal issues

Postby martingarwood » Mon Oct 12, 2009 6:15 pm

I own one small woodland in Kent, bought in 2005. A friend and I are now considering going halves on another wood - since I bought, prices have rocketed and this is the only way I could own another wood. Does anyone have experience of joint purchase and ownership, and whether this causes any particular difficulties re the legal processes etc apart from the obvious ones for us being and staying friends, and agreeing what to do when either of us needs to sell, dies etc etc...


martingarwood
 
Posts: 26
Joined: Fri Mar 28, 2008 6:48 am

Postby Darren » Mon Oct 12, 2009 6:50 pm

A friend brought woodland with another friend. One year later they fell out and now they a both paying a mortgage on land they no longer use. Neither side is talking to the other.


Darren
 
Posts: 400
Joined: Mon Mar 31, 2008 3:26 pm

Postby Exeldama » Mon Oct 12, 2009 7:45 pm

I know a lady who bought as a joint venture... 6 people and they all fell out. I wouldnt myself, differing objectives and changing priorities.


Exeldama
 
Posts: 225
Joined: Fri May 15, 2009 4:04 pm

Postby tracy » Tue Oct 13, 2009 5:56 am

I know others who share and wood and it is going fine! I believe that a limited company is the way to go.


tracy
 
Posts: 1313
Joined: Wed Feb 06, 2008 6:30 pm

Postby greyman » Tue Oct 13, 2009 6:44 am

I'm with the "IT'S ALL MINE" camp - even owning it with your spouse can lead to difficulties sometimes.


Greyman


greyman
 
Posts: 292
Joined: Thu Jul 10, 2008 8:09 pm

Postby Catweazle » Wed Oct 14, 2009 8:54 pm

I'd rather own a small wood myself than share a larger one. Some people are too keen to dive in and get things cut, my attitude to woodland is not to do anything for at least a year after you've thought of it in case there are elements you haven't considered. Maybe I just like the "relaxed" timescales of woodland management.


Catweazle
 
Posts: 65
Joined: Sat Dec 20, 2008 1:18 am

Postby martingarwood » Thu Oct 15, 2009 6:34 am

Thanks for responses....all sounds a bit problematic. Has anyone experience of setting up some sort of trust...?


martingarwood
 
Posts: 26
Joined: Fri Mar 28, 2008 6:48 am

Postby Darren » Thu Oct 15, 2009 9:06 am

no thanks I'd rather be my own boss..............when the wife is not around ;0)


Darren
 
Posts: 400
Joined: Mon Mar 31, 2008 3:26 pm

Postby martingarwood » Thu Oct 15, 2009 10:59 am

.......no great sense of collective responsibility or gender equality here in them small woods then.......it all real men and new frontiers !!.... leave the little ole lady back in the wagon cookin beans.


What happened to the great socialist dream of shared land ownership and collegial endeavour for the greater good etc etc....?


martingarwood
 
Posts: 26
Joined: Fri Mar 28, 2008 6:48 am

Postby tracy » Thu Oct 15, 2009 12:32 pm

Martin, I think it is a great idea and with the right people can work very well...


(says the Mrs who has Mike offering to sharpen her saw instead of doing cleaning! lol)


tracy
 
Posts: 1313
Joined: Wed Feb 06, 2008 6:30 pm

Next

Return to All things legal

Who is online

Users browsing this forum: No registered users and 3 guests

cron