New residents--selection
From: Joaniblank (Joaniblankaol.com)
Date: Tue, 8 Aug 1995 21:22:46 -0400
In response to Bill Dean:

At the outset, we all signed a participation agreement that said we agreet to
rent or sell our units only to persons who would agree to participate.
Eventually we had to take all references to cohousing out of our filings with
the Dept of Real Estate and take out the requirement of signing of the
participation agreement, in order to get our individual mortgages. 

However, feel quite confident that anyone who did not really want to be an
active participant would want to buy in here. When we still had units for
sale, and then when we had one preowned unit for sale, we promoted them as
cohousing and all but insisted that the prospective buyer attend a couple of
common meals and a monthly community meeting, as well as encouraging them to
chat with any or all of us before deciding to buy in. We believe that if what
is here is too much togetherness or is in any way not comfortable for a
prospective owner, they will select themselves out without difficulty.

Joani

Results generated by Tiger Technologies Web hosting using MHonArc.