DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Cambridge Municipal Code ch. 8.44

Citation
Cambridge Municipal Code ch. 8.44
Parent Document
Cambridge Municipal Code ch. 8.44
Jurisdiction
Cambridge (municipal)
Original Source
https://library.municode.com/ma/cambridge/codes/code_of_ordinances?nodeId=TIT... ↗

Other Sections in This Document (57)

Full Text

535 chars 
The resale price of the cooperator's membership which includes the right to occupy the unit shall not exceed the transfer value plus the amount of principal amortized by the corporation on its blanket mortgage attributed to the unit and paid by the member involved, less any amounts due to the corporation under the occupancy agreement and less the cost of all deferred maintenance and repairs deemed necessary by the corporation to put the dwelling in a suitable condition for another occupant. b. The transfer value is the sum of: i.