A lease given by the corporation that owns a cooperative apartment building to the shareholder for the shareholder's right as a tenant to an individual apartment.
Related information about proprietary lease:
- What Is A Proprietary Lease |
Mar 27, 2011 ... The ownership interest in a co-op consists of the Stock Certificate and the Proprietary Lease. Each owner in the co-op becomes a shareholder ...
- The Proprietary Lease - CoopandCondo.com
Feb 2, 2010 ... Why is the proprietary lease so important? There are a myriad of issues that the proprietary lease governs, Some examples: a shareholder's ...
- YOUR HOME; Proprietary Co-op Lease: New Model - New York Times
Dec 17, 2000 ... ONE of the most important documents in a co-op is the proprietary lease. That is because the lease is the document that gives shareholders the ...
- What Is a Proprietary Lease?
Sometimes known as an owner's lease, a proprietary lease is a type of lease agreement that is commonly utilized as part of a stock cooperative. The model is ...
- Proprietary Lease Law & Legal Definition
A proprietary lease is a lease given by a corporation to another. It is often used in a co-op context, where the owner is given a certain number of shares in the ...
- proprietary lease - Financial Dictionary - The Free Dictionary
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, ...
- What is a proprietary lease? | Real Estate Agent Faq
What is a proprietary lease? A proprietary lease is lease used for co-ops that give the shareowners the right to live in a particular unit.
- proprietary lease Definition | Business Dictionaries from AllBusiness ...
in a cooperative apartment building, the lease a corporation provides to the stockholders that allows them to use a certain apartment unit under the conditions ...