|Real Estate Gifts?||<– Date –> <– Thread –>|
|From: Lyn Deardorff (lynpeachtreeoutlook.com)|
|Date: Mon, 29 Mar 2021 10:51:34 -0700 (PDT)|
Hi everyone, wondering if any co-housing group has been fortunate enough to receive a gift through an estate of a former residents house/condo? And wonder what the experience for the community was? I know that much depends on the legal wording made by the resident. What about the terms of acceptance on your part, did you decide how to use the gift if it was flexible (like selling it, renting it our for income, addition to amenities, etc.). And any issues along the way? It appears one of our current residents is considering such a move to donate his unit to us and is working with his lawyer to include it in his estate planning. Any and all thoughts welcome! Lyn Deardorff Sand River Co-Housing lynpeachtree [at] hotmail.coom
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