Advantages And Disadvantages Of Common Hold Flashcards
1
Q
What is a problem associated with lease agreements?
A
Lease expiry
Lease expiry can create uncertainty for tenants and landlords alike.
2
Q
Who makes decisions in a collective ownership model?
A
Decisions are made by individual owners
This structure allows for shared responsibility among owners.
3
Q
What issue is avoided by having individual ownership?
A
Problems of high service charge
Individual ownership can lead to more equitable distribution of service costs.
4
Q
What rights do owners have in a common hall?
A
Equal rights
This ensures that all owners have a say in the management of shared spaces.
