Cohousing-L Mailing List: Re: First right of refusal

[Denise Meier &/or Michael Jacob (dmmj]

Ann Zabaldo wrote:

> Hi all!
>
> In our by laws for Takoma Village sellers have to advise the board
> that they want to sell their unit.  The board (therefore the
> community) has 30 days to find a purchaser.  If no purchaser can be
> found w/in 30 days, the sellers can put the unit up for sale on the
> open market.  When a buyer is found, the board has 3 days to match
> the sales price by either purchasing the unit or finding a buyer.
> There are a few other details including issues about the pricing of
> the unit, etc.  but these are minor compared to the "right of first
> refusal" we are building into our by-laws.
>
> Ann Z.
> Takoma Village -- WDC
>

Thanks for this info, Ann. I'm curious - was it written or has it been reviewed 
by
a lawyer? Sounds to me like something we were told we can't do.....or at least 
not
explicitly in public documents such as By-laws.

Denise