How will home ownership be legally structured in Three Groves?
Most communities like ours are either structured as condominiums (meaning the legal concept, not a physical design) or planned unit developments. In what is called the “lot development model,” members jointly own the common property and facilities and are the sole owners of a lot and home. Sometimes they own just the land directly under their homes (the footprint) or that plus a small back or front “private” yard. We haven’t decided on our home ownership structure yet, but are leaning towards Condominiums with rights granted to use some of the common land as a private back yard.
