Cohousing-L Mailing List: RE: Sliding Scale Association fees?

[Rowena Conkling (rowenahc]

Do check out any ideas you have with your lawyer.  Some states have statutes
which require payment of condo fees based on the percentage interest of the
unit owner in the whole and that may not permit a lot of flexibility.  Of
course, the percentage interest can be manipulated in the first place, but
then it attaches to the unit regardless of the individuals living there.  If
you decide to go that way you may want to think about some kind of limited
equity clause in the deed that limits the profit an owner can make upon sale
and the income of the individuals moving in.

Rowena
CambridgeCohousing

-----Original Message-----
From: cohousing-l-admin [at] cohousing.org
[mailto:cohousing-l-admin [at] cohousing.org]On Behalf Of Susan Hope Dundas
Sent: Wednesday, January 16, 2002 5:36 PM
To: cohousing-l [at] cohousing.org
Subject: [C-L]_Sliding Scale Association fees?


Hello,

I'm a member of the developing Great Oak Cohousing community in Ann Arbor,
Michigan, and we're working on how to structure our association fees.
One idea which has been floated (among many attempts to try to keep our
housing as affordable as possible) is to define a range of fees for each
unit type, and allow individuals to use those ranges as a sliding scale.
Any shortfall at the end of the year would be addressed by having all
households split the cost of the shortfall equally.

Does anyone out there have any experience with such a structure, or
opinions/comments/suggestions on the idea? One of the concerns that has
been raised is how we would handle someone who consistently "abuses" the
policy.

Many thanks in advance to you all.

    Susan Hope

~~

'83 Honda Shadow VT500C
http://home.intranet.org/~hope/riding

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