Cohousing-L Mailing List: Right of First Refusal

[Melanie Mindlin (sassetta]

Our community had a Right of First Refusal in our founding CC&R’s. A few years 
after move-in, maybe around 2010, one member tried to refinance his home and 
reported that he couldn’t get it approved because they didn’t like this clause. 
As a result, we all agreed to remove it.

I have felt considerable regret about this, and wonder if anyone else has 
experienced push back from mortgage companies about a Right of First Refusal. 
Are you aware of legal language that would be less problematic than others?

Thanks,
Melanie Mindlin
Ashland Cohousing