Cohousing-L Mailing List: Membership sale agreement questions

[Rob Sandelin (robsan]

We are deveIoping a purchase sale agreement for our second phase and 
would be interested in knowing how your group deals with the following:

Resale of contract.
 Do you maintain the right to buy back the contract at cost? Or can 
contracts be sold at any price to anyone?

Refund of investment.
 Do you fully, partially or not refund contract monies. If so what 
stipulations do you have on availability of funds?

Downpayment amount.
How much downpayment is required.

Default terms.
How do you define when a contract is in default and what is the 
termination procedure used?