Cohousing-L Mailing List: Re: Developer Model of Co-housing

[Ann Zabaldo (zabaldo]

Sue Ellen – –

Can you clarify the situation a little bit? What exactly are you being asked to 
do and at what point are you being asked to do it?

At what point are you being asked to givethe money? And how much? 

I'm sure you must be signing an agreement with the developer what does the 
agreement say?

This question you have posed is a little too open ended to give a responsible 
answer.

Ann Zabaldo
Takoma Village Cohousing
Washington DC

Sent from my iPhone

> On Sep 3, 2015, at 3:50 PM, Sue Ellen Hiers <ncdl [at] frontier.com> wrote:
> 
> 
> Are there any best practices for the situation where one party (call this 
> person the developer) owns the land?  My heart wants to be a part of such a 
> forming co-ho but my brain says too much is undefined for money to start 
> changing hands. And what is defined is unsettling. In fact if I didn't know 
> the developers I would not even consider it. 
> How can lawyers/consultants/architects, represent both sides of this 
> transaction? By that I mean the money changing hands will be used to add 
> value to the land (zoning changes, etc) that the members have no title to. 
> Should the non-developer members hire their own lawyers/consultants to 
> represent their interest? Should liens be put on the land for the value 
> added?  How can the group be protected in the event of the developer's death 
> or incapacity? This model of co-ho seems ripe for affinity fraud because it 
> appears to be based only on trust. Again the owners of the land (who are not 
> professional developers) are long time friends of mine so I am not suggesting 
> there is any fraud here.I would like to know what others who have faced or 
> are facing this model have done.
>  Regards, Sue Ellen
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> http://www.cohousing.org/cohousing-L/
> 
>