Re: joint ownership agreement for a small cohousing group | <– Date –> <– Thread –> |
From: Mariana Almeida (missmgrrlyahoo.com) | |
Date: Mon, 11 Dec 2017 08:34:23 -0800 (PST) |
Sounds like tenancy in common would work? You'd create it and then sell shares to them. https://www.investopedia.com/terms/t/tenancy_in_common.asp Mariana On Sunday, December 10, 2017, 4:53:22 AM PST, Mike Librik <mlibrik [at] grandecom.net> wrote: Hello all, I hope this is a simple question answered by sharing some links. Two friends and I would like to create a small LLC to jointly own some property. We expect we'd live together on it in separate spaces with a shared common house. Our situation seems simple compared to most cohousing projects... there are only three of us, and I already own the land and house we intend to develop. I'd sell shares in the property to them prior to development. We haven't agreed on exactly what the build-out would look like, but have discussed a few ideas. Can anyone direct us to samples of legal agreements made by such small partnerships? No point in reinventing the wheel. Our main concern is addressing what happens if someone should want to move out and needs to sell their share in the community. Thank you for any wisdom you can share. -- Mike Librik :^| _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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joint ownership agreement for a small cohousing group Mike Librik, December 9 2017
- Re: joint ownership agreement for a small cohousing group Mariana Almeida, December 11 2017
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Re: joint ownership agreement for a small cohousing group John Carver, December 11 2017
- Re: joint ownership agreement for a small cohousing group Mike Librik, December 11 2017
- Re: joint ownership agreement for a small cohousing group Sharon Villines, December 11 2017
- joint ownership agreement for a small cohousing group ML Burke, December 11 2017
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