Re: How would this work-property already owned by someone... | <– Date –> <– Thread –> |
From: Sharon Villines (sharonsharonvillines.com) | |
Date: Wed, 30 Oct 2013 13:15:30 -0700 (PDT) |
On Oct 30, 2013, at 3:52 PM, MJWB <mjwyogini [at] yahoo.com> wrote: > > I had asked the group previously how to switch a single owner over to > cooperative housing. > [clip] What would happen to the owner's equity in the property, as he's owned > it for about > 10 years now...how would he reap something out of the sale to a cooperative? > Or to Retrofit Cohousing? One way would be to form an LLC or other entity -- condominium etc. And he would sell the units to the LLC or other legal entity and it would sell to the other parties. If it were to be a condominium, the owners of the units would be part of an owner's association with bylaws, etc. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
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How would this work-property already owned by someone... MJWB, October 30 2013
- Re: How would this work-property already owned by someone... Sharon Villines, October 30 2013
- Re: How would this work-property already owned by someone... Diana Carroll, October 30 2013
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