Cooperative Agreement Short Form In Bexar

State:
Multi-State
County:
Bexar
Control #:
US-00018DR
Format:
Word; 
Rich Text
Instant download

Description

Cooperative apartments are different from individually owned subdivision properties, ordinary leaseholds, and condominiums. In subdivisions, each individual owns a home in fee. In an ordinary leasehold, the lessee holds no ownership interest in the lessor. In condominiums, each owner holds fee interest in a particular unit, together with an undivided fee interest in the common areas and facilities.

Cooperatives are often formed by members paying a membership fee or purchasing shares of stock. In a stock cooperative, members are issued stock certificates as evidence of their membership and capital investment. More than one type of stock may be issued. An apartment cooperative will typically be a corporation renting apartments to people who are also owners of stock in the corporation. The apartment complex is owned by the corporation.

Due to the proprietary nature of members' or stockholders' interests in the venture, substantial restrictions are generally imposed on lessee's rights to assign and sublease. Typically, assignment and sublease require consent of the board of directors of the corporation after examination of the suitability of the prospective assignee or sublessee.

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FAQ

Cooperative agreements will be legally binding agreements in document form. (4) Other requirements specified in the application.

Co-op is the short form for co-operative. Co-op (or Co-operative) housing is very popular in Sydney. Ian shops at a food co-op where he earns a membership dividend.

A legal instrument (award) of financial assistance between a sponsor and a recipient. The purpose is to transfer something of value to carry out a public purpose and not to acquire property or services.

A cooperative agreement is another form of financial aid. The granting agency and the grantee work together to carry out the purpose of the award. Contracts are financial transactions. Federal agencies buy property or services for their direct benefit or use from a service provider.

1. A cooperative name must contain the word “cooperative”, “coop”, or the abbreviation “CP”.

In this use, the word is often shortened to co-op.

Co-op is never inflected because it is a noun (although it can function as an adjective). Both words are usually hyphenated to reflect pronunciation (and to prevent confusion with coop).

Co-op | Business English.

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Cooperative Agreement Short Form In Bexar