What is the apartment to cooperate?

housing company is a type of real estate use and ownership in which all residents own real estate shares and share the duties of maintenance and operations. Many housing cooperations are operated as small corporations, with those who live on the land comparable to the Board of Directors. While it belongs to the cooperative, tenants give less freedom, which owns private residence, tenants have more claims in large property decisions than tenants.

There are many different types of cooperation examples that meet the needs of different people. Seniors, students, families, members of religious organizations, disabled people and artists can find an alternative form of household in a housing cooperative. The property is often owned by a cooperative company, but instead is some cooperative rental from a single owner.

Cooperative members usually pay a monthly fee, similar to tenants who cover their share in public services, mortgage repayment, and maintenance. ShareholderThey often run cooperatives democratically and allow each member or family to vote in property decisions, including the adoption of new members. Some cooperatives also run a community company such as kindergarten, farm or craftsmanship. Profits are generally shared among residents who somehow contribute to business.

The advantages of a housing co -operative include an increased sense of community and democratic method of property decision -making. Successful teams are often like a widespread family, and members share tasks such as babysitting, caring community garden and sharing holidays together. In addition, some regions offer tax reliefs and special deductions for cooperatives, but these should be carefully checked in violation of the local tax law to avoid inconsistencies.

There are potential disadvantages for housing that should be considered. Sometimes regular apartment buildings are convertedFor cooperation and residents, the selection of shares or movements has a choice of those who do not have to prefer a cooperative lifestyle in one if they want to keep their home. If the cooperation council decides to force changes to assets with which the resident disagree, it is often impossible to sue, because the resident is part of the company owner.

In addition, some cooperations have very specific ethical codes and faith systems that can cause new or different inhabitants to feel or not accept. In smaller teams to be firmly knitted communities, people with an opinion other than most or residents can cause disputes and disagreement. Like the family, the apartment can be quite broken if it does not run carefully and with respect.