Any co-owner is, of course, free to submit his views in writing to the working party.
Subsection (3) is intended to cover the situation where an individual funded by the community legal service is a co-owner rather than sole owner.
Secondly, the provision will enable a co-owner to make effective provision for the disposal of the co-owned land if he or she becomes mentally incapable.
The outcome is the same for purchasers, mortgagees and the husband or wife who is an equitable co-owner.
Would not the new entrant to the co-ownership scheme have to find the amount which the outgoing co-owner would get?
After all, the partner is a co-owner of the firm's business.
I quote this simply as one complication, but there are others, for those who wish to leave a co-owner-ship scheme.
Yet if one turns the same accommodation into a co-owner-ship society, that society can get the option mortgage and so the rents come down.
I understand that to date three co-owner-ship societies have successfully completed the sale of their properties.
That interest as co-owner will prevail in an insolvency and give protection to commercial and private buyers alike.
Clause 4 seeks to cover the situation in which a wife is co-owner or joint tenant of the property.
There would be better social variety in the co-owner ship of properties and the housing associations, with houses for owner-occupation and for renting.
The new co-owner will have to acquire the outgoing co-owner's share.
But other co-owner-ship schemes—more generally referred to as community leasehold schemes—where individual mortgages are taken out on a long-lease basis, would qualify.
One co-owner was a self-employed building worker whose business, unfortunately, went bankrupt.
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