Ownership of more than one unit
From: Fiona Frank (fionafrankgmail.com)
Date: Thu, 5 Nov 2020 23:22:48 -0800 (PST)
What you haven’t talked about is power relationships between landlords and
tenants who are also members.  We have this here at Lancaster cohousing in
the uk  and are looking at dealing with it as an experiment by using an
‘arms length’ agent to collect rents and do other tenancy management tasks
We’re trying to put through a proposal for people to be able to lend money
to Lancaster cohousing in order for the community to purchase one or two of
the homes that are currently for sale, in order to create long term
tenancies for people who couldn’t otherwise buy here.

On Wed, 4 Nov 2020 at 14:27, Sharon Villines via Cohousing-L <
cohousing-l [at] cohousing.org> wrote:

> > 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
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