proprietary lease

proprietary lease

In a cooperative apartment, residents buy shares of stock in a corporation that owns the apartment building.They then rent a particular unit from the corporation, under a document called a proprietary lease.

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The corporation's governing documents, like the articles of incorporation, bylaws and proprietary lease, provide the essential framework for a housing cooperative.
Declaration changes are enforceable for existing residents
REBNY members should also stay tuned for a fall seminar series on proprietary lease language and how to navigate and obtain a certificate of occupancy.
New series launched for residential property managers
For each launch of a hemodialysis system are proprietary lease on the patient~s need for treatment period.
Supply of Medical equipments
In the property management industry, this could include proprietary lease administration practices, bidding specifications and service pricing lists.
Non-compete agreements: don't just sign on the dotted line
Both sides tackled as well the proprietary lease draft law set by the Housing Institute and the Social Affairs Ministry to be later referred to the cabinet, hoping it would solve the housing crisis in Lebanon.
Politics - Mikati, Qabbani tackle administrative appointments' mechanism
As such, Alphonso had the right to enter into a so-called proprietary lease with Castle Village with respect to an apartment in the complex.
Cooperative owner cannot deduct cooperative's casualty loss
com was recently chosen by the National Apartment Association (NAA) to provide its membership of 24,000 IROs with RentNow, which also includes access to filling out NAA's proprietary lease forms.
On-Site.com introduces cutting-edge technology for IROs
Instead, you receive shares in a corporation that owns the whole development and a proprietary lease on your own unit.
Don't worry that Zillow will tank your sale
Since this new law requires that all residential leases issued on or after December 3, 2014 contain the required language, to issue one proprietary lease to the new owner of an apartment in a cooperative, all the proprietary leases for that complex will have had to have been amended by December 2,2014.
Sprinkler system leases the new letter of the law
and Chairman/ CEO of Cohen Media Group, gained control of the Quad Cinema, which is structured as a cooperative, through the purchase of shares and by acquiring the building's proprietary lease for an undisclosed amount.
Cohen Brothers Realty takes reins over historic Village movie theater

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