woodland ownership

[martingarwood]

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...

[Darren]

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.

[Exeldama]

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.

[tracy]

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

[greyman]

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

Greyman

[Catweazle]

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.

[martingarwood]

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

[Darren]

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

[martingarwood]

.......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....?

[tracy]

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)