Housing cooperative definition

Housing cooperative means a nonprofit housing cooperative corporation.

Housing cooperative means a housing complex of at least two units that is owned and operated by a nonprofit corporation that issues a share of the corporation's stock to an individual, entitling the individual to live in a unit of the complex, and collects a monthly maintenance fee from the individual to maintain, operate, and pay the taxes of the complex.

Housing cooperative means a cooperative incorporated under ch. 185 or organized under ch. 193 that owns residential property that is used or intended to be used, in whole or in part, by the members of the hous- ing cooperative as their homes or residences.

Examples of Housing cooperative in a sentence

• While a Housing cooperative (TMC), Juniper House accumulated over £30,000 in its Surplus Fund.

• Rules governing a valid resolution are set out in the Housing co-operative Rights Act.The board of directors determines the amount of the annual fee.

• For repair of fire or water damage (damage due to outflow of tap water), the tenant it is responsible only to a limited extent in accordance with the Housing co-operative Rights Act.This also applies, where applicable, to vermin in the apartment.

• If the request is not complied with, the property may be forcibly sold on behalf of the estate in accordance with the Housing co-operative Rights Act.Three years after the transfer, a legal entity that has a mortgage on the property and the transfer was made by forced sale or executive sale may be requested to demonstrate, within six months, that a person who may not be denied membership in the housingco-operative association has acquired the housing co-operative rights and applied for membership.

• If the request is not complied with, the property may be forcibly sold in accordance with Housing co-operative Rights Act on behalf of the acquirer.

More Definitions of Housing cooperative

Housing cooperative means a housing complex of at 53

Housing cooperative means a housing complex of at least 48

Housing cooperative means a cooperative gov- erned by Section IV of Title II of the Cooperatives Act;

Housing cooperative means a cooperative that is authorized by its articles to carry on a business of providing residential housing to its members; (« coopérative d'habitation »)

Housing cooperative means a corporation that exists to provide housing to its owners, who are the individuals who live in the cooperative.

Housing cooperative means a housing complex of at least 1204

Housing cooperative means a housing complex of at least 84