Many opt to lease land, which offers flexibility but comes with uncertainties and permission hurdles. As land prices soar, shared ownership is emerging as a possible solution.
Pooling resources with others to buy land sounds appealing, but it's not without complexities. It's a significant commitment, demanding careful consideration and clear agreements. Legal aspects are crucial, especially for shared ownership, as laws surrounding tiny houses remain uncertain.
Council consent varies based on location and plans. It's essential to understand local bylaws and consult experts when necessary. Two options exist: seek council approval, a tedious process with potential rejections, or take the risk without consent, which may lead to eviction.
Location plays a pivotal role, with populated areas drawing more attention from authorities. Shared ownership intensifies scrutiny, as multiple tiny houses can trigger complaints and limit individual decision-making.
Zoning rules also matter, as they dictate the number of dwellings allowed on the land. It's prudent to obtain written clarification from the local council to avoid legal disputes.
KEY CONSIDERATIONS FOR GROUP LAND OWNERSHIP
· Motivation and Goals: Discussions on why group members want to join and future visions are crucial. Shared values and goals prevent conflicts in community-based arrangements.
· Rights and Responsibilities: Detailed talks are essential to establish what individuals can do on the land, waste management, water usage, communal duties, visitor policies, privacy, and conflict resolution.
· Ownership and Financial Considerations: Clarity is vital on ownership structure, investment contributions, selling shares, handling financial challenges, communal expenses, and insurance.
· Put it in Writing: Agreements reached during discussions should be documented by a lawyer to avoid misunderstandings and conflicts.
· Communication: Ongoing open and respectful communication within the group is key. Regular meetings and addressing issues promptly ensure a harmonious community.
With these considerations in mind, group land ownership can make the dream of tiny house living a reality, fostering affordability and a sense of belonging for those willing to embark on this unique journey.
https://tinyhousehub.co.nz/howToGuides/the-ultimate-guide-to-buying-land-as-a-group
