Proprietary Leases: An Exclusive Ownership Model In Cooperatives
A proprietary lease is a unique type of lease agreement used in cooperative corporations, granting individuals ownership of shares in the cooperative and exclusive rights to occupy a specific unit within the building. Unlike standard residential leases, proprietary leases provide tenants with a greater level of control and responsibility. Leaseholders are required to pay monthly …
Read moreProprietary Leases: An Exclusive Ownership Model In Cooperatives
