The Forum > General Discussion > Is This A Silly Idea ?
Is This A Silly Idea ?
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Thanks for the detailed reply and sorry for the delay, I'm now on the other side of the world. It's about 5 deg C over here in pommie land.
From what I've read about Eco villages it sounds like most of them operate as "tenancy in common". They talk about buying shares in the overall property and the ability to sell your shares to a new tenant subject to the approval of the management committee. Most of the Eco Villages vet new tenants by requiring them to attend open days and community work days for some period of time before being allowed to purchase a home on the property.
The Manufactured Home Villages are owned and run as a commercial concern so the tenants purchase the home (or a share in the home) and pay a weekly rent. They do not own the land or a share of the overall property. The tenants rights are protected by state legislation.
This subject requires more research but I was thinking of something like a variation on the second option where the tenants buy the home and pay rent but also own equal shares in the management company.
Thanks