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In 1972, Swann, Hansch, Shimon Gottschalk, and Ted Webster proposed a "new model for land tenure in America" in The Community Land Trust, the first book to name and describe this new approach to the ownership of land, housing, and other buildings. One year later, they changed the name of the International Independence Institute to the Institute ...
A housing cooperative is a legal mechanism for ownership of housing where residents either own shares (share capital co-op) reflecting their equity in the cooperative's real estate or have membership and occupancy rights in a not-for-profit cooperative (non-share capital co-op), and they underwrite their housing through paying subscriptions or ...
This is a list of notable co-operative enterprises by country. Co-operatives are business organizations owned and operated by a group of individuals for their mutual benefit. [ 1 ] For a list of Co-operative Federations, please see List of co-operative federations .
For example, the landowner might give up the right to build additional structures, while retaining the right to grow crops. Future owners also will be bound by the conservation easement's terms. The land trust is responsible for making sure the easement's terms are followed. This is done through monitoring of the land. [citation needed]
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It is now a separate legal entity, as the museum and archive are operated by a charity, the Co-operative Heritage Trust CIO, which was incorporated in 2019. The society's name is no longer used, but remains in the registry of Co-operatives UK (formerly known as the Co-operative Union, to whom the building of 31 Toad Lane belonged until legal ...
Co-operative ownership is quite distinct from condominiums where people own individual units and have little say in who moves into the other units. [4] Because of this, most jurisdictions have developed separate legislation, similar to laws that regulate companies, to regulate how co-ops are operated and the rights and obligations of shareholders.
Steward-ownership is a corporate ownership structure that prioritizes the long-term independence [14] and purpose of a company. [15] While the legal implementation may vary, all steward-owned companies make a legally binding commitment to two core principles: [9] [16] self-governance and purpose-driven profit allocation.