|Ownership of more than one unit||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Wed, 4 Nov 2020 06:27:02 -0800 (PST)|
> On Nov 3, 2020, at 11:45 AM, Melanie Mindlin <sassetta [at] mind.net> wrote: > Recently, one of our members has purchased a couple of the homes when they > came up for sale and rented them to people who were interested in > experiencing our community before deciding to buy. We have policies that prevent absentee owners, who are assumed to be investors not interested in cohousing, but the question has arisen about a resident owner owning 2 or more units. What affect has that had on other communities? In condominiums, the issues relate to the percentage of ownership because votes are apportioned on that basis. Larger units have “bigger” votes and owning two units would mean a very big vote for that owner. We have a voting back-up that we have never used but if we had a major conflict, I can see it happening. And in a major conflict is where the weight or number of votes make the difference. Only the owners would be voting, which is not true in most of our decisions. The question is being raised in a review of our Bylaws but we don’t know what to do with it. What do we need to consider? Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
Resale of units Rob Sandelin, December 13 1997
- Resale of units Melanie Mindlin, November 3 2020
- Re: Resale of units Barbara Baatz, November 4 2020
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