|A couple of condo-doc questions||<– Date –> <– Thread –>|
|From: David Heimann (heimannworld.std.com)|
|Date: Mon, 27 Sep 2004 21:37:40 -0700 (PDT)|
Hello All, Here are a couple of condo-doc questions: 1) In order to preserve the character of our community, we would like to make sure that any would-be buyer understands what life is like in our cohousing community. Presumably the condo docs would be a good place to guarantee that this happens, by specifying that before a unit can be sold the potential buyer must be informed by a person designated by the Board about the community and must sign a statement that they have been so informed and they understand what was said. Do communities have such a provision in their documents? If so, has it helped in having buyers of resale units be cohousing-friendly? 2) We are being encouraged to have binding arbitration in our bylaws as the ultimate means of settling disputes (after negotiation, conflict resolution, and mediation). What has been your experience with binding arbitration if you have such a provision yourselves? How does this affect the balance of power between the homeowners' association and an individual unit owner, and can this balance be adjusted by appropriate language in the bylaws? Thanks again for any information. We're only months away now! Regards, David Heimann JP Cohousing
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