|Re: Shared purchase of homes||<– Date –> <– Thread –>|
|From: Michael Mariner (mykanofone.net)|
|Date: Tue, 10 Mar 1998 15:05:43 -0600|
Joani asked, >Aren't there standard arrangements for buying property together; namely >tenants-in-common and joint tenants. Any lawyer or real estate person can >explain these two with the advantages and disadvantages of both. I think they vary from state to state, but, yeah, the legal part isn't the difficulty -- it's writing up a good agreement among the parties that gives them recourse if one of the purchasers doesn't work out and/or if somebody wants to move -- giving the remaining share holders a chance to determine their new housemate/co-owner. I'd just hoped to see some sample agreements or get some resources about it. > I suppose >if the property is owned as a cooperative that is a different matter, where >shares are involved. But I think only one cohousing community in N. America >is structured as a cooperative (though Berkeley came close), so I'm >assuming that San Juan CoHo is not structured that way. No, pretty sure the entity of San Juan Cohousing is not a cooperative, but I don't know that there'd be a problem if a household or two were cooperative households. The zoning on SJC's land would tend to restrict that co-op or shared house to one kitchen. Far as I know, that's the only zoning restriction. In Boulder certain zonings couldn't have more than 3 unrelated people sharing a house. I'll be that's unconstitutional -- hasn't it been found that in some case, some state or another? Mike Mariner
Shared purchase of homes Joani Blank, March 9 1998
- Re: Shared purchase of homes Michael Mariner, March 10 1998
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