[WSBARP] Neighbors working together to contract with Developer

[msafren at jennylinglaw.com]

Hello Real Property Gurus:

 

I wanted to reach out and pick your collective brains as I had a request
from a potential client.  She is seeking to organize her neighbors to engage
in some sort of collective agreement whereby the fellow property owners will
agree to all work together and sell their properties to a single developer.

 

Has anyone had any familiarity with such an agreement?  This obviously goes
beyond simple covenants because it would involve some sort of collective
agreement to negotiate.  I'm also concerned that this may create some sort
of cartel to fix prices and might be illegal as an anticompetitive action.  

 

If anyone has any insights, I'd appreciate your time to chat.  If I'm unable
to help the potential client, I would be happy to refer this out to someone
with experience with this type of agreement. 

 

 

Warmest regards,

Michael S. Safren, Esq. 
Attorney at Law 

14900 Interurban Ave. S., Ste. 280 | Seattle, WA 98168 
11900 NE 1st St., Bldg. G - Ste. 300 |  Bellevue, WA 98005 
P: (206) 859-5098 | E:  <mailto:msafren at jennylinglaw.com>
msafren at jennylinglaw.com 
 <http://www.jennylinglaw.com> www.jennylinglaw.com |
<http://www.facebook.com/jennylinglaw/> facebook.com/jennylinglaw/ 

 


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