Financial Style:
Members have independent finances
(Ideally, members will jointly own land and house through shares based upon their allocated personally occupied space. Specific ownership details to be structured by contract document.)
Open to Members with Pre-existing Debt:
Yes
Labor Contribution:
Expected
(Vision of a co-operative home includes democratic division of household chores as determined by consensus.)
Join Fee:
Yes
(Initial, founding members shall make monetary or in-kind contributions for construction costs, portion to be refundable after additional occupancy shares are sold.)
Regular Fees:
Yes
(To pay for on-going co-op house expenses e.g. food, utilities, maintance plus reserve fund for repairs, taxes ,ect.)