Holding onto houses when chapter is dormant

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Holding onto houses when chapter is dormant

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04-04-2005, 04:28 PM

SmartBlondeGPhB SmartBlondeGPhB is offline

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Join Date: Dec 2002

Location: Puget Sound, WA

Posts: 4,288

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.

They rent out their house at the UW as well.

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