|Re: Resale of houses and new member orientation||<– Date –> <– Thread –>|
|From: Lynn Nadeau (welcomeolympus.net)|
|Date: Thu, 17 Dec 1998 17:50:43 -0600|
I would pose a sub question: What do you do or can one do when the property changes owners in a way that does not entail someone who wants to find a cohousing-oriented buyer? Anyone who owns one of our lots is legally a member, with rights and responsibilities, however that ownership is acquired. Could be repossessed by a bank. Could be won in a poker game or a lawsuit, for that matter. We have had two elderly members die. In one case, the heirs became interested in living at RoseWind, moved here, and have become active in the community. One of them has had to struggle with the fact that we are not as "controlled" a community as he had envisioned. The other lot was disposed of by a very estranged family, who rejected anything to do with us. We offered to find them a buyer, at no fee and whatever their asking price. They changed the locks. And one day a real estate sign went up, and the next day the house was sold. To someone whose primary attraction to buy may have been the attractive house and low price. The buyer's relationship to the group has been patchy, with little participation in meetings and such, and they have been upset, and angry, that sometimes their ideas, when proffered, have not been acted upon, in the case of things the group felt had been decided years ago. The buyer may eventually integrate more into the community, but did not initially research the community or come to it because of the community. Way back, we looked at some sort of "first right of refusal" for RoseWind, in resale situations. We did not institute that because people were afraid it could infringe on their own right to pass their property to new owners of their choice-- perhaps friends or relatives-- without the group having to "approve" and "allow" such a transaction. In practical terms, we also do not have the capital for RoseWind to buy a RW house, or even an unbuilt lot at this point, to hold till a buyer that suits us might be found. Please tell us if you have provisions in your bylaws or deeds which bring the cohousing association into the transaction, which would be appropriate for us (we are neither coop nor condo, but a non-profit with a homeowners' association). As we age, there may well be many more "estate" situations, besides the usual reasons people may move and sell. Lynn Nadeau RoseWind Cohousing Port Townsend WA
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