davidjpowell
MB Enthusiast
Usually this is dealt with in one of two ways. Either one person owns the road and can recover maintenance costs from other users. I guess this is where you see the very dilapidated roads as that one person is usually not very keen to do any work and then fight for repayment.
Otherwise as above a company owns the land, and usually the land is then let on a 999 year lease. The leaseholders are then shareholders in the company. It's a bit more complicated, but means that fund cans be setup for maintenace and it's easier to enforce covenants.
David
Otherwise as above a company owns the land, and usually the land is then let on a 999 year lease. The leaseholders are then shareholders in the company. It's a bit more complicated, but means that fund cans be setup for maintenace and it's easier to enforce covenants.
David