Housing Cooperatives
By forming a cooperative removed several of the costs and intermediaries such as the promoter, this makes the revenue they can expect intermediaries to be reflected in lower housing prices. People are the collaborative partners, these people who share interests and needs are subsequently distributed the results of this partnership
Housing cooperatives in the workplace can be made directly or assigning partners to a third party according to the regulations contained in its statutes. Under the responsibility of the cooperative may also be managing the elements and common areas as well as management and conservation of some houses.
Transfer of housing rights
When a member seeks to transfer its interest in the dwelling, before acquiring full ownership housing and no later than 5 years, since receiving the certificate of occupancy should be put in the hands of the cooperative.
The board of the cooperative will be responsible for deciding which of the partners who is waiting for a home may take over these duties, provided that their age permits.
What you should know before entering the cooperative
Before taking a major step like this and join a housing cooperative partner should be informed of the following:
* Economic aspect: what is the amount you will contribute to social capital, the cost for the first steps, the approximate cost of housing and attachments,
* Important information: see the bylaws, ownership of land, check that the data on the cooperative recorded in the Register of housing cooperatives, period of performance of the work and conditions of transmission of the housing and the link to the it (usually 5 years).
Capital contributions from partners are decided at the general in charge of making the financing plan for all its members. The normal thing is to deliver an initial payment and then take several installments.
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