Unit Conditioning and Resale Policy

In an effort to improve marketability and ensure that units meet Stratford’s standards for condition before the Cooperative markets them, the Board of Directors has approved the following policy/procedure to be effective May 1, 1999.

1. Upon receipt of a request for sale by a member, management staff will inspect the member’s unit using the “Listing and Checklist.”

2. A list of items that need to be repaired and/or replaced will then be prepared by management staff and provided to the selling member.

3. The Cooperative will nto actively market the unit until all items on the list are repaired by the selling member in accordance with the standards described on the “Listing and Checklist.” The costs for correcting these items will be the responsibility of the selling member.

4. The Cooperative will not transfer membership from one party to the other until all items on the list are repaired by the selling member and/or the buyer. The cost for correcting these items will be the responsibility of the selling member and/or the buyer.

5. Normal wear and tear items that are Stratford’s responsibility will be completed after negotiation for sale of the membership has been accomplished.

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