Cohousing-L Mailing List: Re: Rental units

[Robert Heinich (robert]

Tim, gsadix [at] earthlink.net, said "There may be three or more people who want 
to buy a second unit, in our yet to be constructed community, as a rental 
property".

While I understand the hesitancy of a community having non-resident owners, 
you could have a clause that we have in our Covenants/By-Laws of having a 
two-year rental term limit unless the community agrees to an extension.  The 
owner is able to rent their unit yet there is escape clause for the 
community.  Although we have renters, we have not had the need to exercise 
this clause.  However, we had a prospective buyer state that the reason of 
not buying was due to this clause.  (This did not create any movement to 
change the Covenants/By-Laws.)

Also you might want to check with Arcadia Cohousing (Carrboro, NC) as they 
seem to have this down to a science.  One can rent a house there for short 
durations, http://www.rentors.org/calendar.aspx?propertyid=31074&cid=5.

-Robert Heinich
Eno Commons Cohousing
Durham, NC
where this Friday's pot luck is a dialogue about Eno Commons goals