|Re: Shared Houses||<– Date –> <– Thread –>|
|From: Buzz Burrell (buzzdiac.com)|
|Date: Wed, 9 Sep 1998 09:25:30 -0500|
A few people asked me for comments on living in a shared house. Like many others, I've been doing it in various forms for years. Here we go in random order: 1. Shared houses make sense like cohousing makes sense. It is certainly more intimate since there is one deed and one kitchen, but it is also easier since you pick your co-owner, and would never want to do this if you hadn't already tested out to be compatible. 2. A shared house can also be one owner and a rentor, or two owners one of whom doesn't live there, and assorted other combinations. They all work! 3. Needless to say (presumably), don't do this without a signed Agreement. If you can't get it together to put it in writing, then you are not qualified to share something of this value. 4. Once you have a good Agreement, then it is legally enforcable and you are protected. There certainly is the potential for more trouble than if you are the only owner, but that's the way it goes, and the reason why you only do this with people you trust. Also as we know, just the process of working on the Agreement is very good; once through that, its common to never see it again. 5. If you have a template of an Agreement that works in your state, and modify it to your needs, there is no reason to use a lawyer, although naturally people will take umbrage at this statement. Using a lawyer certainly does not guarantee there will be no problems. 6. The economics of a shared house are very good. It violates the "Little House On The Prarie" nuclear family model that we grew up with, but otherwise makes a lot of sense. 7. Feel free to fully customize your Agreement. Don't be shy. We even wrote in where the dog can go in the house, and how many times a year the carpet has to be cleaned (by the dog owner). 8. Shared houses can be illegal in some zoning districts. This is really stupid, but it exists. Here in the People's Republic of Boulder, and in most counties on the Front Range, a family may live with 2 unrelated people; after that, you may get thrown out. It happens all the time. This means that 4 people may not share a house (even if they are students renting). 9. If you are building now, then design your space to allow for two entities. This really helps. Note that a house is usually defined by code authorities as a kitchen. Thus, it may not be allowed to have two kitchens. Seperate entrances and internal separation will almost always be allowed. 10. Mortgage Lendors are glad to have more than one person signing the Note; otherwise they don't care. 11. Times change, so make sure your Agreement has all possible exits clearly identified. 12. A purely financial arrangement will eventually become tiring. They work best in the shorter term (a few years) while people become financially established or sort out their plans. Long term shared houses require that the people want to live together and not just for convenience sake. Buzz Burrell Boulder, CO If you have Microsoft Word, type in the line: I'd like to see Bill Gates dead. Then highlight the whole line, go to TOOLS, pull down THESAURUS, and see what it suggests.
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