|
|
Housing Projects Open Space Projects Leaseholder Information About DNI
If you own property which was built on land that is owned by Dudley Neighbors Inc, you are probably aware that you are required to adhere to certain legal restrictions regarding the occupancy resale of your home. These restrictions require that you maintain the property as your principal residence for as long as you own it. Additionally, when the property is being sold, they require it be sold to
1) a Qualified Low-To-Moderate Income Buyer and
2) at or below the Maximum Resale Price determined by DNI in accordance to the ground lease.
After you sell your property, the affordability restrictions you adhered to remain with the property and are transferred to the new property owner.
If you wish to sell your property, this guide will outline the steps you need to follow. Although this summary can be used as a general description of the steps in the re-sale process it should not be viewed as a substitute for the actual requirements and conditions that are outlined in your ‘Extended Period Ground Lease’. The Ground lease is recorded with the deed to your property, or a copy can be obtained from our office.
| ||||||||||||||||||||||||||||
HOME Feedback Contact Us
DSNI Home Page Send mail to dni@dsni.org with comments about this web site.
|
