A winery owned jointly by multiple grape growers.
One type of ownership arrangement for an apartment building. It is owned by the cooperative or cooperative association, a group of individuals, each of whom owns shares in the building, rather than the person's individual units or apartments as with a condominium.
A jointly owned apartment complex where each individual unit is privately owned.
A form of ownership where each resident of a multiunit property owns a share in a cooperative corporation that owns the building. With each resident having rights to a specific unit within the building.
A store or business where the farmers own a share of it. Organic Valley/CROPP Cooperative is an example.
A form of business owned and controlled by the people who use its services, such as a milk marketing or processing cooperative.
a building with multiple units in which each individual owner holds company stock that is equal to the monetary value of the owner's apartment.A cooperative is usually owned by a company or corporation and title is offered through a proprietary lease.
A type of common property ownership, such as when the residents of a multi-unit housing complex own shares in the corporation that owns the property, rather than owning their own units. also called co-op. see also condominium, patronage dividend.
An organization owned by its members. Examples are agriculture cooperatives that assist farmers in selling their products more efficiently and apartment buildings owned by the residents who have full control of the property.
An apartment building which is owned by a corporation and in which tenancy in an apartment unit is obtained by purchase of the pertinent number of shares of the stock of the corporation and where the owner of such shares is entitled to occupy a specific apartment in the building.
A residential multi-unit building owned by and operated for the benefit of persons living within.
type of real estate ownership where all shareholders own the whole property, but each has proprietary occupancy rights for specific units.
(co-op) - Real estate ownership, in which all shareholders own the whole property, but each has proprietary occupancy rights for specific units.
A residential multi-unit building owned by a corporation in which each unit is occupied by a member of the corporation pursuant to a lease or occupancy agreement .
A business that is owned by the people who use it. A credit union is a cooperative -- all of the people who keep their money there are part-owners, known as members. (Often shortened to "co-op" or "coop.")
Multiple ownership of stock in a corporation that owns the structure. Each owner has occupancy right to use the unit they purchase.
A form of ownership where the resident purchases a share in the retirement facility, which includes housing. Residents pay a monthly service fee for maintenance and services.
A type of property ownership in which the buyers purchase shares of the corporation that owns the building, giving the owners the right to occupy the apartments in which they live. The buyer pays a monthly maintenance charge and a portion of the mortgage payment for the whole building.
A residential project owned by a cooperative corporation. Residents own shares in the cooperation, which in turn gives them the right to live in the project.
Form of multiunit housing in which a corporation owns the property and owners of the shares in the corporation live in each of the units.
Multi-unit building owned by a corporation, each owner holding stock equal to the value of his apartment. Title is proprietary lease.
A form of ownership under which a building is owned by a corporation whose stockholders are entitled to lease a specific unit in the building.
Real estate ownership in which all property owners (shareholders) own the entire property and each shareholder has proprietary rights to specific units.
Type of multiple ownership in which a corporation or business trust holds the title to a property and grants occupancy rights through leases and other arrangements.
An organization that is owned by and operated for the benefit of its patrons. An example is the Farm Credit System, in which member borrowers are the owners of the system.
A type of multiple ownership in which a corporation owns property (usually an apartment building) and the occupants own shares in the corporation equal to their portion of the building.
A form of ownership where shares of stock for a unit is owned in a corporation rather than a unit itself.
Similar to condominium ownership except that residents own limited share of stock in the corporation rather than individual living unit ownership. In Ontario the share can not be more thatn $10.00. Owners will not receive the benefit of any appreciation in value of the housing units. They are, for the most part not designed as seniors housing although some have made special consideration. Some subsidies may be availabe for those with lower incomes.
A type of corporation, like a credit union, that is owned by the people who use its services
An apartment house or similar property owned, usually in corporate form, by all the tenants. Each has stock in the corporation, which owns the building.
An independent electric utility that is owned by the consumers it serves and provides at-cost electric service.
A form of ownership of a residential multi-unit building, in which the residents of the building own shares of the corporation which owns the building.
A private non-profit utility owned by its members and essentially self-regulated by an elected board of directors.
A building of two or more dwelling units that is owned by a cooperative corporation made up of people in the building. The right to occupy a unit is obtained by buying shares of stock in the corporation and signing an occupancy agreement known as a proprietary lease.
An incumbent local exchange company that is a cooperative corporation.
A buyer purchases shares in a co-op corporation, made up of the residents in the co-op property. The buyer owns the shares rather than owning the real property. In exchange, the buyer has the right to occupy a co-op unit.
A member-owned business, usually democratically controlled and operated as a non-profit. Cooperatives normally return profits to members or reinvest them in the business.
Ownership in a building whereby owners do not actually own the apartment, rather they own a share in the corporation (building) and have a proprietary lease on a particular unit.
A member-owned business with membership open to those who use its services. Democratically controlled and operated on a non-profit basis, a cooperative returns any margins to members on the basis of patronage.
A residential project owned by a cooperative corporation where the residents own shares giving them the right to live at the residence.
The residents of this type of housing complex own shares in the cooperative corporation that owns the property, and each has the right to occupy a specific dwelling. They don't actually own the dwelling; they own shares in the corporation.
A form of common property ownership in which the residents of an apartment building do not own the individual units they occupy but rather own shares in a corporation that owns the entire building and grounds.
Also known as a "co-op." A residential apartment unit whose title is held by a corporation. A shareholder in the corporation has a right to live in a specific apartment and holds a lease to the apartment. The apartment can be sublet (rented) to a non-shareholder (you, the renter) according to whatever rules the corporation imposes and the choice of subtenant must be approved by the corporation Board of Directors. These rules vary from co-op to co-op. Technically, you, the renter are a subtenant of the co-op, not the tenant. The apartment owner is the tenant of the co-op, and the co-op itself is the landlord. Confused? Don't worry, contact us at
[email protected] and we will help you handle all co-op issues.
A form of common property ownership in which the residents of an apartment building do not own their units, but rather own shares in the corporation that owns the property.
Share or stock ownership in a multiple housing unit owned by a corporation. Each shareholder enjoys exclusive use of a residential unit.
A system of individual ownership of stock in a corporation that in turn, owns the structure. Each owner has an exclusive right to use his individual unit and must pay his portion of the debt encumbering the entire building. Compare, CONDOMINIUM.
A type of multiple ownership in which the residents of a multiunit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.
A form of ownership in which the residents of a multiunit housing complex own shares in a cooperative corporation which owns the property and each resident the right to occupy a specific apartment or unit.
A corporation jointly owned and governed either by its workers (a worker cooperative) or its customers (a consumer cooperative). A housing cooperative is a kind of consumer cooperative.
A type of multiple ownership in which the residents of a residential or mixed own shares in a business trust entity that holds title to, and grants them occupancy rights to a single apartment or unit through a proprietary lease or other arrangement.
A type of property ownership wherein the owners of a multiunit housing complex (e.g., an apartment building) own shares in the corporation that owns the property, giving each owner the right to exclusive use of a specific apartment or unit in the complex.
An apartment building or a group of dwellings owned by a corporation, the stockholders of which are the residents of the dwellings. It is operated for their benefit by their elected board of directors. In a cooperative, the corporation or association owns title to the real estate. A resident purchases stock in the corporation, which entitles him to occupy a unit in the building or property owned by the cooperative. While the resident does not own his unit, he has an absolute right to occupy his unit for as long as he owns the stock.
Residents ("stockholders") purchase stock in a cooperative corporation that owns a structure. Each stockholder lives in a specific unit (based on shares owned) and pays for a portion of the building loan.
A form of ownership in which the residents own shares in a corporation which owns the entire property. Shareholders are entitled to occupy a specific apartment and to have use of the common areas.
A type of ownership of property. This is when the individual unit owners own shares in the cooperative building and do not own the actual property. The amount of shares owned is determined by the value and size of the apartment. The cooperative building owns all of the units and the purchaser is buying stock in the building.
An owner buys shares in the corporation that owns the building, the cost of the stock to be determined by the value of his apartment.
A cooperative is a corporation that owns a building. Each apartment/unit is allocated a number of shares of that corporation's stock, representing a market relation to that apartment/unit. These shares of stock are the evidence of ownership. Each apartment/unit also receives a proprietary lease, which affirms the owner's right to occupy a specific apartment/unit.
A residential multi-family building with the title in a trust or corporation that is owned and operated for the benefit of the persons living therein, who are beneficial owners of the trust or stockholders in the corporation, each possessing a proprietary lease. All owners have joint liability for the mortgage on the property.
Residents of co-op housing complexes own shares in the cooperative corporation that owns the property. Each resident has the right to occupy a specific dwelling, but they don't actually own it--they own shares in the corporation that owns it.
A corporation in which the stockholders are entitled to occupancy of real estate (i.e., apartments) through proprietary leases or other similar arrangements.
A form of ownership in a multi-unit complex; the purchasers own shares of the entire complex rather than owning individual units.
A central processing facility where vineyard owners can take their grapes to be made into wine and or bottled. Usually owned by the members, it is a way to reduce the cost of wine making for the smaller producer. Many fine wines are made in cooperatives, as it is the only way that the vineyard owners could afford the most up to date equipment.
A structure of two or more units in which the right to occupy a unit is obtained by the purchase of stock in the corporation which owns the bulding.
sometimes known as a "co-op." A form of ownership of real estate in which an entity owns the entire real estate (often a building) and a number of individuals who use the real estate have an ownership interest in that entity. For example, a cooperative apartment building might be owned by the co-op - a corporation and the shares in the corporation would be owned by the people that lived in the apartments. The individuals have an ownership interest in the co-op and the co-op owns the building or real estate.
A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the corporation that owns the property, giving each resident the right to occupy a specific unit or apartment.
a housing complex in which a group of people have stock in the entire complex, whereby each stockholder is entitled to live in one of the units; if there is a loan, each stockholder is required to pay a portion of it
A type of business organisation which is owned by its customers who also participate in its management and share in its profits.
A form of multiple ownership in which a corporation or business trust entity holds title to a property and grants occupancy rights to shareholders by means of proprietary leases or similar arrangements.
a title held by multiple owners so that a corporation or business holds title and grants leases to the shareholders.
Form of co-ownership where each party owns a share in the co-oping corporation that owns the property. Each co-op shareowner has the right to occupy a particular apartment or unit of the property.
In real estate, a form of multiple ownership in which a corporation of business trust entity holds title to a property. (Usually an apartment complex) and grants occupancy rights to shareholder tenants through proprietary leases.
Owner hold title to shares of stock in a cooperative corporation which in turn hold title to the entire property as a single unit with apartment numbers issued to each living unit. Owner receives the proprietary right to occupy his apartment and use the common areas with all other co-op owners.
A type of multiple ownership in which the residents of an owned multi-unit housing complex share in the cooperative corporation which owns the property, giving each resident the right to occupy a specific apartment or unit.
a variation on property ownership that involves the purchase of a share in a corporation that owns the apartment building or townhouse complex. The buyer is entitled to the right to occupy, but not own, one unit and to use the common element (page 37).
An arrangement in which each participant is part owner of an asset or group of assets. For example, people have formed a cooperative (sometimes known as a "co-op") to democratically share ownership of a business or apartment building. A credit union is a financial cooperative.
A form of ownership in which stockholders in a corporation occupy property owned by the corporation under a lease.
A residential multiunit building whose title is held by a trust or corporation that is owned by and operated for the benefit of persons living within the building, who are the beneficial owners of the trust or stockholders of the corporation, each possessing a proprietary lease.
Means any system of land ownership and possession in which the fee title to the land and structure is owned by a corporation or other legal entity in which the shareholders or other co-owners each also have a long term proprietary lease or other long term arrangement of exclusive possession for a specific unit of occupancy space located within the same structure.
A corporation that owns housing units and whose tenants purchase shares in the corporation equivalent to the value of their housing unit.
A multiunit project consisting of individual dwelling units owned by the corporation in which the individual apartment tenants own stock rather than owning their respective units.
residents purchase stock in a cooperative corporation that owns a structure; each stockholder is then entitled to live in a specific unit of the structure and is responsible for paying a portion of the loan.
A type of real estate ownership in which residents of a multi-unit property own shares of the corporation that owns the property.The ownership of these shares gives the owner the right to occupy a unit in the building.
A residential multi-unit building which is owned by a corporation and in which tenancy in a unit is obtained by purchase of the pertinent number of shares of the stock of the corporation and where the owner of such shares is entitled to occupy a specific unit in the building.
A form of housing in which residents form a corporation for the purpose of owning and managing the property collectively. Membership in the cooperative gives them the right to occupy a unit and take part in the management and operation of the building. Residents own shares in the corporation proportional to their share of the mortgage, rather than owning individual units. If a resident leaves, the new resident purchases those shares and assumes responsibility for part of the mortgage.
A type of ownership where a group of housing units are owned by a corporation of member-owners. Each individual member is entitled to occupy an individual housing unit and is a shareholder in the corporation that owns the property. Ownership may cover single-family houses, row houses, and townhouses, as well as apartments.
A cooperative (also coöperative or co-operative or co-op) has been defined in the International Co-operative Alliance (ICA) Statement on the Co-operative Identity as "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise."http://www.ica.coop/coop/principles.html They "are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others."http://www.ica.coop/coop/principles.html Such enterprises are the focus of study in the field of Co-operative economics.