What Does It Mean to Own the Building?

  • Owning the building provides us with greater freedom to manage significant repairs, allowing us to make decisions about timing and choose who performs the work without outside control.
  • We can propose changes to the space to enhance it for everyone, and we can make decisions collectively without needing permission from someone in charge.
  • Once the mortgage is paid in full, this could provide us with the financial flexibility to support collectives that need support and undertake exciting projects.

However, owning the building also entails several important responsibilities that are currently handled by Woonwarts:

  • Building Maintenance: Regularly inspecting and repairing the building to keep it in good condition.
  • Safety Management: Ensuring the building is safe for everyone, which includes conducting regular inspections and addressing any hazards.
  • Financial Management of the Building:
    • Budgeting: Planning how to allocate funds for repairs, utilities, and other expenses.
    • Payment of fixed costs, mortgage, etc.: Ensuring that bills and any loans related to the building are paid on time.
    • Continue the collection of rental income from tenants and collectives using spaces