Re: Right of First Refusal
From: Diana Carroll (dianaecarrollgmail.com)
Date: Tue, 7 Mar 2017 14:27:51 -0800 (PST)
Here at Mosaic Commons (central MA), we do not have a Right of First
Refusal (which is a legal term of art), but we do have a policy that you
must announce your sale to our community and waiting list for five weeks
before public marketing.

This is different than RoFR for a few reasons: 1) it isn't the community
itself that would buy the unit, it is a community member or other
affiliated person, and 2) because the seller is still free to take any
offer they wish -- they must market to us first, but they don't have to
actually sell it during that pre-public period, even if they get an offer.
Also it doesn't cause the legal hassles that RoFR can cause!

Diana




On Tue, Mar 7, 2017 at 4:53 PM, Marilyn Seiler <marilynseiler72 [at] gmail.com>
wrote:

>
> Our cohousing community is interested in finding out what other communities
> are doing when homes in the community are for sale.
>
> The glossary on the cohousing.org website has the following:
>
>    *Right of first refusal*: Some cohousing communities have a policy that
> the seller of a cohousing unit must offer his or her home for purchase to
> the community or to an individual or individuals within the community
> before putting it on the open market. We are requesting information from
> other cohousing communities who have some policy regarding resale
> procedures that include this option?
>
>
> Thank you so much.
>
>
>
> Peace, Marilyn
>
> Marilyn Seiler
> ​Oakcreek Community Cohousing​
>
>
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