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cooperative housing

Translation
cooperative housing
An arrangement in which an association or corporation owns a group of housing units and the common areas for the use of all the residents. The individual participants own a share in the cooperative which entitles them to a proprietary lease to occupy a certain part of the property, to have equal access to the common areas, and to vote for members of the Board of Directors which manages the cooperative. Compare: condominium
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

  
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  • cooperative housing — n жилищный кооператив Англо русский строительный словарь. Академик.ру. 2011 …   Англо-русский словарь строительных терминов

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  • cooperative housing — район застройки кооперативными домами …   Англо-русский экономический словарь

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