EmilyW2 (Indiana)
Posts: 13
Posts: 13
Posted:
Currently shares in our association are allotted based on numbers of lots. So some owners have one, probably around half have two, a few have three and one family has five. The five lot family has two homes and with separate addresses but use the second home as a guest home rather than rental currently. Now there has been a suggestion from a few members to revise the articles and allot a share for every home. This would bring everyone except the five lot family to a single share. Does anyoneâs association do something similar to our current process? What are the pitfalls with the new suggestion?