Re: Ownership of more than one unit
From: Barbara Baatz (beejay.baatzgmail.com)
Date: Fri, 6 Nov 2020 04:17:37 -0800 (PST)
Thanks for letting me know. I hope it all works out'

Bee Jay

On Fri, Nov 6, 2020 at 2:23 AM Fiona Frank <fionafrank [at] gmail.com> wrote:

> 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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> >
> >
> >
> >
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