Cooperative Housing Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Cooperative Housing, written in plain English, along with examples of how it is used.

What is Cooperative Housing?

It refers to an arrangement between a group or organisation whose memebers own a housing estate along with its common area and which some or all members can utilise including residing at that estate.Similarly all the residents have right to vote as if they are owners of the place.