Co-ops are a legal entities that own one apartment building or several houses, as well as the surrounding area. They are created to meet the consumer needs of citizens in housing.
Members of the cooperative acquire a share in the building and become the apartment owner after the full payment of their share. They have an equal say in general home management issues, regardless of the investment involved.
The board of the cooperative building is responsible for the quality of services provided for the arrangement of public premises and the surrounding area. The membership or other targeted contributions are used to ensure the relevant work.
A co-op is one of the reliable and time-tested types of a good investment in coop housing. We have experienced competent specialists who will help you understand many important points, consider all possible risks and advise the best cooperative realty. We advise you to contact our professionals and use their recommendations for a safe investment of funds to purchase housing.
Before joining a cooperative, you should carefully familiarize yourself with its statutory documents, the rights and obligations of members, the size and procedure for making a share, and membership fees.
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