B
beachcomer
Guest
What is the name of your state?What is the name of your state? WA
We have recently made an offer on a new construction ocean front townhouse with a shared wall with another like townhome. At the time of the offer, there was no legal documentation available on how the common wall would be handled, and CC&Rs for the building, property ownership of the land, etc. We have contigencies in the offer regarding review and approval of legal description, title, shared property ownership to name a few.
I've asked for the docs and was told that the builder will need to "condo-ize" the townhomes. They gave me a sample set of the condo CC&Rs and declaration, but they are for a larger development from the same builder. When I scale everything I see in those docs down to two units, none of the process seems to work in cases of dispute and quorum to name two. I have owned condos before, served on boards of HOAs and am concerned that the two unit association is not workable. My gut tells me that associations need numbers to mitigate the jerks in the crowd.
Does anyone have examples of this working? We *really* like the place, but don't want to do anything stupid. We will seek counsel of an attorney locally, but i would like to hear if anyone has examples of this model working as a condo association.
Thanks!!
We have recently made an offer on a new construction ocean front townhouse with a shared wall with another like townhome. At the time of the offer, there was no legal documentation available on how the common wall would be handled, and CC&Rs for the building, property ownership of the land, etc. We have contigencies in the offer regarding review and approval of legal description, title, shared property ownership to name a few.
I've asked for the docs and was told that the builder will need to "condo-ize" the townhomes. They gave me a sample set of the condo CC&Rs and declaration, but they are for a larger development from the same builder. When I scale everything I see in those docs down to two units, none of the process seems to work in cases of dispute and quorum to name two. I have owned condos before, served on boards of HOAs and am concerned that the two unit association is not workable. My gut tells me that associations need numbers to mitigate the jerks in the crowd.
Does anyone have examples of this working? We *really* like the place, but don't want to do anything stupid. We will seek counsel of an attorney locally, but i would like to hear if anyone has examples of this model working as a condo association.
Thanks!!