Atchison Village Mutual Homes Corporation

MEMBERSHIP

Each member owns 1/450th of the Corporation, not the physical property of their unit--just the right to live in it as long as they follow the Corporation rules.

 

Membership units are usually purchased directly from a selling member unless a membership is terminated and the unit reclaimed by the Corporation.  Members who wish to sell their membership rights must first offer in writing to sell it to the Corporation.  Unless the seller is willing to take book value (around $3,000), the Corporation will normally decline.  This must be done within 30 days.  Prospective buyers may obtain a list of available units from the Village office or via this website. You should inspect as many units as you wish in order to find what will be best for you at a price you are willing to pay.

 

When a buyer and seller agree upon price and terms of sale for a unit, the seller then asks the Corporation to issue an Membership Application to the intended buyer.  The potential buyer fills out and turns in the application to the Corporation office.  A credit check will be run and if the pending buyer's credit is OK and proof is provided of the applicant's ability to pay monthly maintenance fees, the Screening Committee reviews the application and schedules an appointment to interview the applicant.

Posted by General Manager on 05/25/2012
Last updated on 06/23/2014
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Richmond, California 94801

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