#18839
Boronia
Flatchatter

    Many years ago I was involved in putting up buildings and plant on leased property.

    From an accounting viewpoint, we could not capitalise the buildings or plant as assets, they were immediately written off as an operating expense. So although we paid for the buildings, we could not “own” and had to leave them behind when the lease expired.

    I imagine the same rules would apply in this case, unless there was some prior agreement with the co-op.