40/60 Condominium Free
A forced buy-sell mechanism. Also known as a "shotgun clause." Either owner can offer to buy the other’s share at a specific price. The other owner must either buy at that price or sell at that price. It’s brutal, but it breaks deadlock.
The remaining 60% interest in the common elements is held by the condominium corporation, which is responsible for maintaining and managing these shared spaces. 40/60 condominium
The is a centerpiece of the Addis Ababa Integrated Housing Development Programme (IHDP) in Ethiopia, designed to address the housing needs of middle-income earners . The program operates on a savings-based ownership model where the government covers 60% of the construction costs through long-term loans, while the beneficiary saves the remaining 40% of the unit's value. The 40/60 Housing Scheme: An Overview A forced buy-sell mechanism
Let me know if you want to see a sample computation! It’s brutal, but it breaks deadlock



