Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings

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2 years ago

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Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings

and share food and information about the culture of their respective regions. When Evan made his purchase, he received a proprietary lease for his unit. What else did he receive

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1 answer:

Nonamiya [84] · Answer 1 · 2023-04-08T18:24:16+03:00

He would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.

<h3>What is a proprietary lease?</h3>

This refers to an occupancy agreement that gives the shareholder in a housing cooperative the right to occupy a particular dwelling unit.

Hence, in the context, Evan would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.