|Re: questions about reselling homes in cohousing||<– Date –> <– Thread –>|
|From: Larry Israel (lisraelaa.net)|
|Date: Mon, 10 Feb 1997 14:05:55 -0600|
On 2/1/97, Cindy Carpenter said: >I'm writing from Cambridge Cohousing, where we are about to start building . . . >We will be structured legally as a condo association. I think this means >that units will be offered for sale by their owners pretty much the way that >any other housing is, and that the highest offer will get the unit. . . . >We would also like to >offer priority to current members who want to change units within the group. > I think that technically this would be discrimination and will be illegal >once we change from an LLP to a condo association. Anybody know anything >about this? We have a right of first refusal written clearly and legally into our condo docs. If anyone is selling their unit, they are required to give the condo association the option to buy it for 15 days. The community (condo association) can also designate a buyer of our own choosing. Our chosen buyer, if any, can be another resident who wants to switch units or anyone else who we could all agree on. Such a designee has the first opportunity to meet a purchase offer. (I think I've explained this correctly.) Of course there are other elements to our unit resale process as well. Larry Israel Puget Ridge Cohousing Seattle
- questions about reselling homes in cohousing Ccarpent, February 1 1997
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