Friday, July 25, 2008

Transferability

Share Transfer Limits.... They Stay the same

1 comment:

RobbyG of 23B said...

There is some talk that having storage rooms owned by shareholders may somehow limit the sale of your main apartment. This is absolutely false.

When you go to sell the apartment you will have the storage rooms attached as an amenity. There is no way that someone would put an apartment on the market and not feature it as part of the sale. It will certainly be a feature that will help the seller raise the price, recouping their investment and most probably gain a nice profit.

In rare cases people may want to take over the storage space of a neighbor. If the seller get a good price and the new buyer can afford it ...it just has to be approved by the Board as any other sale would.

No people not owning current shares will in the form of an apartment will be able to buy a storage room.