Thread: Holding onto houses when chapter is dormant
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Old 04-04-2005, 03:29 PM
Rudey Rudey is offline
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Join Date: May 2001
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Re: Re: Holding onto houses when chapter is dormant
Quote:
Originally posted by sageofages
Phi Mu chapter houses are owned by individual house corporations. They choose to keep or sell the house when a chapter ceases operation. For example, we still have a house at UCLA and the house corporation rents it out. They make a profit enough that the house now has no mortgage. They maintain the property and have the necessary insurances.
Does the international office get to say anything in regards to selling it or whatnot?

-Rudey
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