Cohousing-L Mailing List: Re: Ownership of more than one unit

[Barbara Baatz (beejay.baatz]

Dear Sharon,

This is an interesting wrinkle about cohousing home resales or purchases.
Thanks for alerting me and I will pass it on.

Bee Jay

On Wed, Nov 4, 2020 at 9:27 AM Sharon Villines via Cohousing-L <
cohousing-l [at] cohousing.org> wrote:

> > On Nov 3, 2020, at 11:45 AM, Melanie Mindlin <sassetta [at] mind.net> wrote:
>
> > Recently, one of our members has purchased a couple of the homes when
> they came up for sale and rented them to people who were interested in
> experiencing our community before deciding to buy.
>
> We have policies that prevent absentee owners, who are assumed to be
> investors not interested in cohousing, but the question has arisen about a
> resident owner owning 2 or more units.
>
> What affect has that had on other communities?
>
> In condominiums, the issues relate to the percentage of ownership because
> votes are apportioned on that basis. Larger units have “bigger” votes and
> owning two units would mean a very big vote for that owner.
>
> We have a voting back-up that we have never used but if we had a major
> conflict, I can see it happening. And in a major conflict is where the
> weight or number of votes make the difference. Only the owners would be
> voting, which is not true in most of our decisions.
>
> The question is being raised in a review of our Bylaws but we don’t know
> what to do with it. What do we need to consider?
>
> Sharon
> ----
> Sharon Villines
> Takoma Village Cohousing, Washington DC
> http://www.takomavillage.org
>
>
>
>
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