Re: Developer Model of Co-housing | <– Date –> <– Thread –> |
From: Ann Zabaldo (zabaldoearthlink.net) | |
Date: Thu, 3 Sep 2015 13:08:54 -0700 (PDT) |
Hi Sue Ellen again! Rereading your email it seems that you don't have any legal entity or any legal documents or any development plans. What do you have in place right now? If your friends haven't done development in the past I strongly suggest you work with one of the many Cohousing professionals on this list. I'm often bemused by the number of people who decide to develop a piece of property they own without much knowledge of the landmines that are buried in the development timeline at every twist and turn. If I needed an appendectomy I could certainly go to the library and get a book on "DIY appendectomy". I might even pull off the surgery but why would I try it when they're experts out there who do this all the time? And they have a much better recovery rate… 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/ > >
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Developer Model of Co-housing Sue Ellen Hiers, September 3 2015
- Re: Developer Model of Co-housing Ann Zabaldo, September 3 2015
- Re: Developer Model of Co-housing Ann Zabaldo, September 3 2015
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Re: Developer Model of Co-housing Sue Ellen Hiers, September 3 2015
- Re: Developer Model of Co-housing Sharon Villines, September 4 2015
- Re: Developer Model of Co-housing Richart Keller, September 4 2015
- Re: Developer Model of Co-housing Sue Ellen Hiers, September 4 2015
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