What happens if I decide to leave and sell my property?
Under your lease, first refusal is offered to other members of Cannock Mill and then to the waiting pool, ensuring that everyone who comes to live here is committed to cohousing. Once a buyer has been found then the sale is progressed by the solicitors involved in the normal way.
The selling price for your property will be calculated from the price you paid for it and movements in local property prices. It is not freely negotiable.
As set out in the lease, a small exit fee is charged as a percentage of the original price you paid. This is in part a payment for the effort the community puts into maintaining a waiting pool, ensuring your property is sold as quickly as possible.