Re: How Diverse is Co-Housing, Really? | <– Date –> <– Thread –> |
From: Judy (BAXTER%EPIVAX![]() |
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Date: Tue, 4 May 93 12:01 CDT |
IN RESPONSE TO: From: dme [at] pollux.cs.uga.edu (Dan Everett) Since the question, "Whom do you admit into your cohousing group?" has come up in this thread, I have a relevant legal question, to-wit: Our community is still in the planning stage, and we carefully drew up an admission process for folks who want to join the community after its charter members. HOWEVER, we are planning a condominium form of ownership (to meet zoning requirements while preserving our nonstandard pedestrian layout). After checking out a book on Condominium Law, it seems that membership in the Condominium Association is inextricably linked to ownership of a condominium unit. In other words, the community may give itself a first option to buy a member out when he or she wants to leave; but unless that option is exercised, the member can sell their house (and interest in the common land) to anyone they want, who is AUJTOMATICALLY a member of the community! ====================================================================== My, things are getting active again, aren't they. Since I'm at work and don't have all my notes, I'm not sure on this, but I think you have hit on one of the major differences between coop and condo ownership. We (Monterey) are currently coop - and it is my understanding this gives us more control over who can buy in if someone is leaving. I think our by-laws require approval by the Board of Directors. But, we are also talking of our additional units being condo. So, . . . . we'll see. Judy Baxter, Monterey Cohousing Community, Twin Cities Area, Mpls/St.Paul MN (Mococo)
- Re: How Diverse is Co-Housing, Really?, (continued)
- Re: How Diverse is Co-Housing, Really? John Ladwig, May 3 1993
- Re: How Diverse is Co-Housing, Really? BARANSKI, May 4 1993
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Re: How Diverse is Co-Housing, Really? Dan Everett, May 4 1993
- Re: How do you deal with resale of units? apguirard, May 4 1993
- Re: How Diverse is Co-Housing, Really? Judy, May 4 1993
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