Re: First right of refusal | <– Date –> <– Thread –> |
From: RowenaHC (RowenaHC![]() |
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Date: Thu, 25 Nov 1999 06:28:22 -0700 (MST) |
First of all, something that is legal in the U.S. may not be in Australia and vice versa - I say that as a lawyer who knows that the same applies from state to state in the U.S. With that in mind, let me respond from the U.S. point of view. Discrimination laws prohibit discrimination in sales or renting of units to a limited group of people. Typically one is prohibited from discriminating against people on the basis of race, nationality, religion (although there was a case in which strict Catholics were allowed to refuse to rent to unmarried couples), handicap, families with children, and in some places sexual orientation. Beyond that, if you don't want to sell to green-haired, three-handed people or white, married Protestants you don't have to! That being said, the right of first refusal is somewhat illusory unless you have an active waiting list or a sugar daddy. We have such a clause in our Condo Bylaws which requires a seller to notify the association and give it 30 days to either find a qualified buyer or make an offer on behalf of the Association. After that, they are entitled to put the unit on the open market through a real estate agent. We just had our first resale. None of the people on our witing list were willing to match the asking price (despite the reduction from not having to pay an agent) but ironically, a real estate agent came up with a couple who had just given up on their own Coho group and were ready to buy! As far as weeding out the crazies - I suspect it's hard to do. We have a "friends" group, which pays $25 (I think) to get the newsletter and invitations to attend meals and meetings. When people get serious they are asked to attend some meetings and particpate in discussions. This tends to weed out the dilitantes! Apart from that - you learn a little about people in interviews and a lot from living with them for a few months. Of course, if you have a very small group you probably have to worry about misfits more than a large group like ours. Rowena at Cambridge Coho
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First right of refusal Kevin Wolf, October 1 1999
- Re: First right of refusal Jed Stuart, November 21 1999
- Re: First right of refusal billc, November 22 1999
- Re: First right of refusal RowenaHC, November 25 1999
- Re: First right of refusal Jed Stuart, November 28 1999
- Re: First right of refusal Mabel Liang, November 29 1999
- Re: First right of refusal Ann Zabaldo, November 29 1999
- Re: First right of refusal Denise Meier &/or Michael Jacob, November 29 1999
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