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

[Rob Sandelin (floriferous]

At Sharingwood we had the option to add right of first refusal to our legal
condo declarations. We passed. It seemed unlikely that the organization
would ever have the capital to buy a unit, and we also help each other
solict buyers when it comes to selling a unit so the communities interests
have thus far been met, eg finding community interested people.

Rob Sandelin
Northwest Intentional Communties Association
Building a better society, one neighborhood at a time

> -----Original Message-----
> From: cohousing-l [at] freedom2.mtn.org
> [mailto:cohousing-l [at] freedom2.mtn.org]On Behalf Of Denise Meier &/or
> Michael Jacob
> Sent: Monday, November 29, 1999 6:24 PM
> To: Multiple recipients of list
> Subject: Re: First right of refusal
>
>
> 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
>
>
>
>
>