The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
In England & Wales, Copyhold and other feudal arcana were done away with by the 1925 Law of Property Act which essentially replaced the lot with Freehold and Leasehold.
In Scotland leases do exist, but are limited to 20 years for residential (not commercial or agricultural) property, which means that they are entirely unfinanceable. That is something the government is aiming to fix shortly.
Then there's Crofting....
As for flats, there are various leasehold enfranchisement laws, and the almost entirely useless ('cos it was neutered by landlords) - but well-intentioned - Commonhold.
In the US there is of course the Condominium which is essentially a form of consensual Co-ownership based upon an agreement which was actually created in the first place by an innovative lawyer, but 'which worked' so well it became codified and given statutory backing, State by State.
That sort of 'reality-based' approach - simply write the agreement, and see what happens - is essentially the approach I am taking.
My Community Land Partnership is just an agreement between stakeholders which brings in investors within a sort of Condominium agreement; creates an evergreen lease/right to occupy; and creates a sort of Real Estate Investment Trust (REIT) with Units redeemable in payment for rentals.
One could think of the outcome as direct investment in land rental value - or maybe as a loan to the land, rather than to the owner.
Anyway - the Community Land Partnership, is getting a lot of interest, and hopefully, a few prototypes not only for financing new build, but also for optimal funding of property, free of debt and compound interest, but with a return based upon the value of the location, and of the value invested in the location.
Watch this space.
"The future is already here -- it's just not very evenly distributed"
by Melanchthon - Aug 23 72 comments
by Migeru - Aug 24 14 comments
by Frank Schnittger - Aug 18 62 comments
by Frank Schnittger - Aug 6 123 comments
by ARGeezer - Aug 5 4 comments
by Frank Schnittger - Aug 3 19 comments
by gmoke - Aug 5
by Migeru - Aug 2414 comments
by Melanchthon - Aug 2372 comments
by Frank Schnittger - Aug 1862 comments
by Frank Schnittger - Aug 6123 comments
by gmoke - Aug 5
by ARGeezer - Aug 54 comments
by Frank Schnittger - Aug 319 comments