Elm Brook Village Cooperative, Inc. A Resident-Owned Community
  • Home
  • About Us
    • The Elm Brook Village Cooperative Story ...
    • Photo Gallery
    • A Virtual Tour of Elm Brook Village Cooperative
  • FAQ
  • Homes for Sale
  • Member Benefits
  • Application Info
  • Maps & Directions
  • Contact Us

What is a resident-owned community and what does it mean for homeowners?

Picture
  • In a resident-owned community, tenants form a non-profit corporation called a cooperative. 
  • Each household is a member of the cooperative and an equal owner of the land. As a group, the cooperative owns the land and manages the community. 
  • The members continue to own their own homes individually.
  • There are many benefits to living in a cooperative, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for co-op loans.), and a strong sense of community.
  • Everyone has a say in the way the park is run, and major decisions are made by democratic vote.

Back to FAQ
Picture
Copyright © 2014-2015  Elm Brook Village Cooperative, Inc.  •  P.O. Box 64  •  Contoocook, N.H.  •  03299