“Ownership” Housing co-op

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  • #38962
    samc
    Participant

    I have received a HB where the clmt has a license to occupy a property where he is a member of the Housing co-op that owns the property.

    The Co-op is registered under the Industrial and Provident Societies Act 1965.

    The license agreement is for a room and shared accommodation for 6 months with a fee is £137 per week inclusive of bills. THe LOHA in this area for a room is £70 per week.

    Is he not entitled as he is a co-owner in which he is a member of the association?

    #110344
    Kay_Tade
    Participant

    HBR 12(1)

    https://hbinfo.org/legislation/main-regulations/regulations/regulation-12-rent

    2 things come to mind, is this an LHA or HA[?] and I think eligibility for HB will depend on the agreement between the member and the Co-op. Has he just got nominal shares in the Co-op?

    #110352
    John Boxall
    Participant

    See (amongst others)

    http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article3409093.ece

    Basically what happens is something like this

    The Co-op is a separate organisation that owns the property. Tenants are also members of the co-op, they take out a nominal £1 share in order to join. However that doesnt make them the owners of the freehold, and in most cases, even were the co-op to be wound up, the proceeds would not be returned to the members.

    So, they are eligible for HB

    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and—and in short you are for ever floored.

    Wilkins Micawber, Ch12 David Copperfield

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