The neighbour owns an outbuilding overlooking my property. He uses it as a storeroom and is unable to get residential planning permission. The property is in a dreadful state of repair but the council refuse to condemn it. I have asked him many times to make it safe but he doesnt want the expense and wants me to buy it from him but I cannot afford to. Ive told him that im worried that falling masonary or tiles could cause serious injury to my family but he's unmoved. Ive warned him that he would be liable if something bad happened but he says that he can set up a limited company, transfer the property to it and he would no longer have any liability. Does anybody know if this is correct or what else I can do? Thank you for taking the time to read of my problem.
As you have used the phrase "limited company" I'm guessing you're from the UK so I'll answer as such.
Good news. He is in for a nasty surprise. The courts can "lift the corporate veil where the company is a sham. In addition, the officers can be held personally liable for criminal or negligent acts. Now, if he puts the ownership of the company into a trust it gets a bit messy. It also costs a lot of money in legal and accounting fees each year, which he may as well spend on making things safe.
If something does happen, you can sue, you will probably win and the property will most likely end up getting sold to settle the claim.
Have you thought of involving the local council to have it condemned? If it is that unsafe and you have tried to be reasonable, one can hardly blame you for taking such action.