Do the present co-owners have any say in deciding who can enter the property as a new lodger or co-owner?
It is likely that new lodgers or purchasers of a share in the property will be found among existing friends or colleagues of the current owners. Should a new lodger or purchaser be proposed who is not acceptable to those remaining, they should make their objections known. First, it is very unlikely that a new lodger or purchaser would want to share a home where he/she is not welcome. Secondly, a remaining member can always propose a more acceptable candidate. The Share to Buy Legal Agreement requires the agreement of the existing owners, but states that this must not be unreasonably withheld.
Related Questions
- May I, as a former co-owner of an original property, receive partial benefit on my replacement dwelling along with the other co-owners on their separate replacement dwellings too?
- May I, as a former co-owner of an original property, receive partial benefit on my replacement dwelling, along with other co-owners who purchase separate replacement dwellings?
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