Shared Ownership of Units / Parcels -- Creative Legal Possibilities? | <– Date –> <– Thread –> |
From: sher (sherdirectcon.net) | |
Date: Sun, 13 Jul 1997 16:38:57 -0500 |
Dear Cohousers, Newly forming Placerville (CA) Cohousing would appreciate any information about "shared equity." If a subgroup of the whole wished to purchase a single parcel and construct 3 units on it (main house with attached living unit and a granny flat), is there a creative legal entity which would prevent any single co-owner of the parcel from forcing the sale of parcel if one of the parties wanted out? Can coowners of such a parcel execute a legal document requiring that all owners must agree unanimously before any single owner sells or transfers their title to somebody else? And that they can't sell without the new buyer agreeing to execute an identical document? Is there any simple and clean way to do this kind of shared ownership? Or must cohousers who wish to buy property in this fashion simply rely on old-fashioned trust and cooperation to make it work? Ben Sher Placerville Cohousing
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Shared Ownership of Units / Parcels -- Creative Legal Possibilities? sher, July 13 1997
- Re: Shared Ownership of Units / Parcels -- Creative Legal Possibilities? Linda Felch, July 14 1997
- Re: Shared Ownership of Units / Parcels -- Creative Legal Possibilities? Mac Thomson, July 16 1997
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