May 2012 - Sharing a Holiday Home: Beware The Deadlock Danger

Are you thinking of buying a holiday home jointly with another family or families? Joint ownership has its appeal, but no matter how good relations between you all may be at the start, bear in mind the potential for dispute down the line.

So if for example you follow the common route of holding the holiday home in a company with the shares and directorships allocated between you and the other stakeholders, make sure that the first thing you do is to put in place a comprehensive shareholders’ agreement.