Thanks for the explanation.
The OP mentioned owner occupiers being offered alternative houses.
If these people have bought from the council, will the council not have
to go down the route of a compulsory purchase and buy the property.
Are the council offering to rehouse them as well as purchasing ?
Was there a clause in the contract when they bought the houses which
stipulated what happens in these circumstances ?
I thought these were all social houses and
didn't think they were owner occupier, but some of the tennants have put a lot
of their own money into these houses over the years and will now have to leave.
Tennants are tennants - no different to anyone else renting - they have no "right" to live in the house indefinately. A council tennant is not an owner occupier no matter how much money they've spent on fixtures and fittings.
Are they entitled to receive the value of their house by the council and find their own property?
Are they entitled to any compensation for the fact that they have been there for over 30 years and had no plan to ever move?
micmclo - i take your comments on board. By compensation i mean, my folks are nearly 60 and don't want to start another mortgage. As you said, house price value in that area is not great so this would force my folks to go and find another property which would then force my folks to start another mortgage even though their mortgage is well cleared off.
And for your comments, Sure what grounds do they have: “ the council ruined their plans”? This regeneration is nothing but a hindrance and can possible ruin their retirement period. Even with the houses, the council are offering, they will still need to get a new mortgage. This i find, is unreal.
By compensation i mean, my folks are nearly 60 and don't want to start another mortgage. As you said, house price value in that area is not great so this would force my folks to go and find another property which would then force my folks to start another mortgage even though their mortgage is well cleared off.
They would not prefer to buy in a similar area.
I don't think they should be pigeon-holed into choosing a house which the council are offering which they don't like.
Unlike the Ballymun regeneration website, there is nothing online or any information online regarding the knocknaheeny regeneration scheme.
I think that's unlikely, unless someone is trying to pull a fast one. They are entitled to a payment to do with as they will, since they own the house and are free to sell. That would be my understanding of the CPO, but I have only been involved in it from the land side where the offer was equivalent land or market value of the land. In the case of land, there is a sting in the tail as CGT is owed on the cash sum, but I would doubt that applies to a PPR purchase.I'm not sure if they have the choice to take a cash offer. Would this be possible that they would not be offered this if they wanted to live somewhere else?
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