Immovable Cultural Heritage Usage Modes: Theoretical Approach

Abstract

Purpose: The article aims to emphasize the importance of a multifaceted and detailed analysis of the problem of protection and using modes of immovable cultural heritage, considering the heritage types and involving investors in this process.Design/Methodology/Approach: The monographic method was used for the scientific literature and legal provisions (especially Lithuanian law) analysis.Additionally, the websites, of the presented dilemmas of the buyers of immovable monuments, were analyzed.Findings: Research results confirm that the immovable cultural heritage has a complex nature, and decisions about their usage modes, should be investigated deeper.One should strive to maintain their uniqueness, but also to implement a system that reduces the risk of investors who decide to invest in the revalorization of historic buildings.Practical Implications: The article will make the current owner (State, local community) and potential investors more aware of the factors that should be considered when managing their or deciding to purchase a property constituting cultural heritage.Originality/Value: Authors proposed the model of the risk identification and restrictions connected with the purchase and management of property constituting cultural heritage by potential investors.

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